Money Tree

Money Tree Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Money Tree, Loan service, 2 Bleakhouse Road, Auckland.

Moneytree .(n) . ' a source where money is obtained with little or no effort "

Michelle Brebner

[email protected]

Ph 09 534 8558

Mob 0274 366 653

02/06/2015

The Money Market

(9am on 22 May 2015) the money markets were at the following levels:

Official cash rate 3.50% (unchanged)
90 day bill rate 3.49 (down from 3.55)
1 year swap rate 3.36 (down from 3.41)
3 year swap rate 3.47 (down from 3.50)
10 year bond rate 3.45 (down from 3.51)
NZ/US dollar 0.7178 (down from 0.7497)

02/06/2015

The Budget

The budget was presented just over a week ago and within a couple of days all comments about it have ceased. For those with mortgages or looking to purchase a property, the budget was neutral. The capital gain aspect, imposed on rental properties being sold within a two year period, was really showing the Government was doing something - but how effective it will be, remains to be seen. A comment that appears to be missing, is that slowing the property market, does enable the Reserve Bank to cut wholesale rates. We expect this to happen over the next three months. This will assist those with mortgages, as interest rates will decrease.

02/06/2015

New LVR restrictions on Rental Properties

On 1 October this year, the Reserve Bank will bring in some new criteria for those purchasing rental properties. All people wanting to borrow from a bank to purchase a rental property in Auckland will have to have a 30% deposit. This is unlikely to be onerous on seasoned investors, as many do have reasonable amounts of equity in their properties. It will stop a number of younger, higher geared, investors from entering the market.

30/04/2015

The Money Market

This morning (9am on 1 May 2015) the money markets were at the following levels:

Official cash rate 3.50% (unchanged)
90 day bill rate 3.64 (up from 3.62)
1 year swap rate 3.53 (down from 3.59)
3 year swap rate 3.51 (up from 3.35)
10 year bond rate 3.30 (up from 3.16)
NZ/US dollar 0.7621 (down from 0.7672)

08/04/2015

The Money Market

This morning (9 am on 2 April 2015) the money markets were at the following levels:

Official cash rate 3.50% (unchanged)
90 day bill rate 3.64 (up from 3.62)
1 year swap rate 3.57 (up from 3.56)
3 year swap rate 3.58 (up from 3.55)
10 year bond rate 3.25 (up from 3.22)
NZ/US dollar 0.7449 (up from 0.7388)

19/03/2015

The Money Market

This morning (9 am on 20 March 2015) the money markets were at the following levels:

Official cash rate 3.50% (unchanged)
90 day bill rate 3.62 (down from 3.64)
1 year swap rate 3.56 (down from 3.57)
3 year swap rate 3.55 (down from 3.62)
10 year bond rate 3.22 (down from 3.36)
NZ/US dollar 0.7388 (down from 0.7477)

30/11/2014

Competition between Banks is very strong - we are happy to negotiate rates on your behalf to get the best possible deal for you! Give us a call!

06/11/2014

This morning (3.30 pm on 6 November 2014) the money markets were at the following levels:

Official cash rate 3.50% (unchanged)
90 day bill rate 3.68 (unchanged)
1 year swap rate 3.74 (down from 3.89)
3 year swap rate 4.00 (down from 4.18)
10 year bond rate 4.00 (down from 4.03)
NZ/US dollar 0.7695 (down from 0.7825)

27/10/2014

OCR Review due Thursday - at this stage doesn't look like we'll see any change. Most economists not predicting any change until at least March 2015.

09/10/2014

This morning (9.00 am on 10 October 2014) the money markets were at the following levels:

Official cash rate 3.50% (unchanged)
90 day bill rate 3.68 (down from 3.73)
1 year swap rate 3.80 (down from 3.84)
3 year swap rate 4.14 (down from 4.19)
10 year bond rate 4.07 (down from 4.18)
NZ/US dollar 0.7865 (down from 0.7926)

26/09/2014

This morning (9.00 am on 26 September 2014) the money markets were at the following levels:

Official cash rate 3.50% (unchanged)
90 day bill rate 3.73 (up from 3.71)
1 year swap rate 3.84 (up from 3.82)
3 year swap rate 4.19 (down from 4.22)
10 year bond rate 4.18 (down from 4.23)
NZ/US dollar 0.7926 (down from 0.8182)

19/09/2014

Things have settled down a bit re changes to the OCR – calm expected to last until March 2015.
Risk is that if you don’t lock in long term rates now, you’ll miss the boat if the US suddenly increases their interest rates. Give us a call!

Address

2 Bleakhouse Road
Auckland
2014

Telephone

095762370

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