News

Let’s talk about credit cards

Let's talk about Credit Cards - when they work for you, and when they don't.  Credit is great, we use credit to buy things that we haven’t fully saved for.  When we buy a property (a home or an investment), often the only way to buy it is by using credit in the form of a mortgage. Not many of us are in a position where we can buy a house without a loan. When we want a new car, washing machine or other incidentals we can also use credit to buy them.  This allows us to get what we want faster...

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It takes a Village

We all know the saying “It takes a village to raise a child”.  Similarly, it takes a team of experts to build a house. Think of everyone involved - architects, designers, builders, electricians, plumbers, building inspectors, to name a few. Each expert takes care of a different aspect of the build, and the end result is the completed house. When buying a home, you also need a team of experts. Lawyers, Mortgage Advisers, Building Inspectors, Insurance Brokers, Accountants. These experts can...

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Newsletter October 2020

Hello! During the lockdowns we learnt what was important to us. Friends, family, the way we use our time, the type of work we do.  Regardless of what we realise is important, there are the nuts and bolts of life that we also need to consider and manage.  I am seeing a range of clients in a range of situations - Some who are in good jobs with steady income, others who are going through a restructure.  Those looking to invest, and others looking to deal with debt. Surprise, in September the...

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Buying requires more than a deposit

A property is one of the biggest purchases you are likely to make. It’s exciting and also a bit daunting, and there is a lot that you need to get lined up before the sale is completed. When you buy a property you need savings for your deposit, and also for the other incidental costs involved in purchasing a property.  To help ensure that you make a wise decision - and to help reduce the risk of unexpected costs once you have purchased the property - it is important to do some due diligence....

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Getting into the property market

Hello readers! As you are no doubt well aware, interest rates are at record lows at the moment and indicators are showing that they are going to go even lower. This certainly helps with mortgage affordability, in particular for first home buyers. While this is good news, the issue is that there is still a lack of supply of properties on the market for people to purchase! This combination of lack of supply matched with low interest rates are prime factors in the trend of property values...

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Newsletter September 2020

Hello! The first day of Spring – we are looking forward to enjoying the increased sunshine and daylight hours, even if we are in Level 2.  COVID-19 continues to have an impact for us all to varying degrees, and this is going to be the case for many months to come. The team at Building on Basics have taken the appropriate precautions to keep ourselves and you safe. We continue to perform nearly all services online if need be, and are available to support you with your financial requirements...

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Low interest rates – review and refinance?

Review and Refinance You'll have seen that interest rates are dropping again! Some banks have gone as low as 2.49% on a fixed 1 year rate. There is more conversation around the OCR going to negative, which indicates that we will see more downward movement of short term interest rates. Most banks 3 to 4 year rates are under 3%, so it's a really good time to have a conversation with us about reviewing and refixing your mortgage. Get in touch with us and we can figure out some ways to save you...

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Newsletter August 2020

Winter, storms in the North Island, Covid-19, wage subsidies, and an election looming. For many people there is a lot of uncertainty. Uncertainty can create anxiety, so if you would like to talk through your finances and some options please do not hesitate to get in touch with us. The election is going to create even more uncertainty as people and businesses plan for what may be ahead. At this stage of the election process there should have been a lot more talk about the policies of the...

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Newsletter July 2020

2020 is half over and for some people that will be a good thing! NZ has been successfully out of lockdown 3.5 weeks, the borders are still closed to overseas visitors and there are a steady stream of Kiwis coming home, some for good. In the past there has been the complaint about the “brain drain”, as Kiwis train here and then move overseas. Now hopefully that talent is returning home. This creates a situation with more people looking for work, on top of those that have lost their jobs due to...

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