(Original article in the NZ Herald - May18) People struggling to buy a home could soon be given the opportunity to co-own a property with a bank or government agency to make it more affordable. A shared equity scheme, which is being considered by the Government, could save first-home buyers up to $100 a week
(March 18) - NZ Herald article: The gap between the property haves and have-nots looks set to widen as a growing number of first-home buyers turn to their parents to get help jumping on the property ladder. Figures from Australia show over 55 per cent of first home buyers received some help from their parents
"Sharesies was interested in how it could help people get "tips and tricks" from each other, she said, and remove taboos around money so that people could talk about the strategies they used. "There is a need for advice but where that comes from or how it works it to be confirmed at this stage.”
Almost a third of people won’t have paid off their mortgages by the standard retirement age of 65, according to a shock bank report. A generation of “grey” borrowers face either working longer, using their KiwiSaver pot to pay off the debt, or hope equity in their homes will solve the problem by downsizing. Exclusive
Original article from the NZ Herald – SEP 2016. We fear our children won’t own homes, say the nation’s business leaders. Housing is one of the biggest issues in New Zealand at the moment — that was the response from CEOs in this year’s Mood of the Boardroom survey. Cathy Quinn, chair of law firm Minter
55 hours a week + small children at home + wheels starting to come off? You may be tempted to dream of another life - one out of the city? Selling up in Auckland, executing the escape: lower prices for homes, more relaxed lifestyle, and the people are so much friendlier! Imagine actually wanting to
We Thought You Should Know… It helps to understand a little of what’s happening in your outside world, to run your inside world a little better. There’s so much ‘noise’ with traditional media outlets so it’s hard to know what’s actually real – Here are two changes happening soon that we think you should know about, as it could affect
Teaching ‘money smarts’ to your kids is critical – fail to do this and face a huge liability in your retirement. The most effective way to teach money smarts to your kids is to become more financially disciplined yourself: Earn money, save/invest/repay debt, give, and manage financial risk are the main areas that we’ve already covered. Do these things well and your
If you’ve ever learned to fly, one of the first things you learn is the ‘go around’, a simulated aborted landing. When you’re in control of the plane it’s all good, but when you’re not, it’s a little concerning. I had that experience once in a 747 flying into Rome. The pilot pulled out of
What is and what should never be… 2016 contained a whole host of changes with banks and policy makers jostling for position. I believe 2017 will be slightly more 'interesting' however. Here’s a few things you should know of 2016 - Banks became stuck between a rock and a hard place. The 'rock' here is the regulators
