With all the excitement in the air about interest rates easing and houses prices finding their floor … now is a great time to get pre-approved and go shopping.

We’ve been saying for a while now that the Reserve Bank’s (RBNZ) monetary policy of controlled easing of the economy, bringing everything down gently to a soft landing is the right approach and its paying off.

With the current lead time for most banks around 10 working days to assessment there may be a channel to provide much quicker approval times if NZ banks adopt some overseas models with an open banking framework that securely shares banking details with third party providers.

Infinance have created a separate division in addition to and alongside our existing providers through Link Financial Group ( LFG ).

Infinance is now officially accredited with Kiwibank, bringing more options for home loans, including for first-time buyers through their Kainga Ora partnership.

If we measure improvements in quarters, as expected the first quarter to end of March 25 is looking a bit staid with the promise of good things to come.

Its finally arrived, we’re officially in 2025 with some exciting times ahead and lots to look forward to.

Inflation eased, mortgage rates dropped, and we’re finally seeing brighter days ahead. With 2025 set to bring more stability, it’s time to thrive. Read on for a quick wrap-up and what’s to come!

Congratulations to Mukesh Kumar, owner of Taupo Beds on Gascoine St, Taupo as winner of the Infinance $250 Prezzy Card draw, just in time to top up the Christmas hamper.

Need finance, mortgage, or insurance help over the holidays? We’re open, working remotely, and ready to lodge mortgage applications early to beat the New Year rush. Personal loans, vehicle, and equipment finance can still be approved same or next day (closed on stat days only), so give us a shout and let’s get things rolling!

As the holiday season approaches, it’s a great time to reflect on the importance of maintaining a healthy credit score. By keeping up with payments and avoiding overcommitment, you can ensure your credit stays in good shape for the year ahead.

Great news to end the year on. The Reserve Bank has cut the Official Cash Rate to 4.25%, with further reductions expected in February. While there’s still work to be done, the outlook for 2025 is positive.

Now the Official Cash Rate ( OCR ) and interest rates are on a progressively downward trend, the next OCR announcement being the last one for the year on Wed 27^th November at 2pm will be an important revelation of the Reserve Bank’s intention for the economy going forward and a snapshot of its current state.

With the OCR set to drop, expectations are high for a 0.5% reduction in November, potentially reaching 3.25% by July next year.

A big thanks to Stretton Accountants – Taupo for letting me share their September 2024 newsletter! It's full of useful info, from tips on using AI in business and small business planning to the latest on GST rules and wealth-building strategies.

Announced by Stats NZ today, 16^th October, for the quarter to Sept 2024 the annual inflation rate is reduced to 2.2% down from 3.3% in the June quarter in line with expectations from the Reserve Banks latest OCR reduction last week.

The Reserve Bank has just announced the second rate cut in 41 months reducing the OCR to 4.75%, following the August cuts from 5.5% to 5.25%, in line with expectations with easing inflation.

As we trail out of this rather forgettable year with just 3 months to go, Q4 24 is a time to transition from ‘survive to 25’ to ‘thrive in 25’ so that we start the new year set up for growth.

Make an enquiry to Infinance for finance, mortgage or insurance in the months of October, November and to 5pm Sunday 15th December 2024 and you’ll be in the draw to win a $250 Prezzy Card.

Can you believe it’s been 18 months since we launched in March 2023? We’ve been busy helping clients with everything from motor vehicles to investment properties and more.

What’s next? We’re looking forward to growing our insurance services and connecting more with our community. Want to know more about our journey so far? Check it out here.