Multiply Wealth

20/08/2025

The official cash rate was cut to 3% today, the lowest in nearly three years. What might this mean for your mortgage and term deposit rates?

DISCLAIMER: you should seek personal financial advice before making any decisions about your lending or investments. Contact if you’d like to discuss.

16/08/2025

RBNZ official cash rate decision due next week - here’s a quick preview of what we expect to happen

09/07/2025

RBNZ holds OCR at 3.25%. Key Take-aways for Borrowers and Savers.

Today’s Monetary Policy Review delivered what most economists expected: a pause at 3.25%. Inflation sits at 2.5%, but the Bank wants more comfort before cutting again.

Our view:
Floating debt: floating and revolving loans should reprice to follow OCR within a few days - some or all of the 25bps cut.
Fixed rates: Already pricing in - we don't expect 1-2 year rates to move much.
Deposits: Saver rates are slipping, expect rate cuts to flow through to deposit rates quicker than mortgage rates.

To do:
Review any fixed loan due within six months.
Savings - can that cash be put to better use elsewhere? Don't leave lots of cash sitting in savings or term deposits for the long term.

Up next: 20 Aug is the next MPR. A further 25 bps cut will be on the table if global trade frictions don’t flare up.

Read more here: https://www.multiplynz.com/post/ocr-on-hold-what-it-means-for-your-home-loan

This post is general commentary and does not constitute personalised financial advice

28/05/2025

Reserve Bank cuts OCR to 3.25%

Great news for mortgage holders! The RBNZ has delivered another 25 basis point cut today, bringing the Official Cash Rate down from 3.50% to 3.25%. This is the 6th consecutive cut since August last year.

What this means for YOU:
✅ Floating mortgage rates dropping immediately
✅ On a $500k mortgage, you're saving about $300/fortnight compared to the peak
✅ 1year fixed rates starting to reduce below 4.99%
✅ More cuts potentially coming - economists predict OCR could hit 2.50-2.75% by year-end

Acting Governor Christian Hawkesby says they're watching global uncertainty closely and have "scope to lower further as appropriate."

🏦 Major banks already responding - talk to us now if you want a comparison!

Remember: while great for borrowers, savers will see lower returns on deposits. Consider your options carefully.

What do you think - will rates go even lower? 🤔

https://www.multiplynz.com/post/reserve-bank-cuts-ocr-to-3.25-as-global-uncertaint

22/05/2025

Today’s Budget introduces two headline reforms:

1. KiwiSaver reset
• Govt member tax credit halved; removed for > $180 k incomes.
• Default & minimum contributions climbing to 4 % (phased).
• Scheme expanded to 16- & 17-year-olds.

2. Investment Boost
• Immediate 20 % deduction on productive-asset purchases (plant, machinery, tech, commercial buildings).
• Treasury estimates a 1 % GDP lift within two decades, at a fiscal cost of NZ$1.7 b p.a.

Take-aways
✔️ Employees: model the impact of 4% KiwiSaver and update your financial forecasts as 4% will make a significant difference to your retirement wealth long-term.
✔️ Younger employees - consider joining KiwiSaver if you're not in it already; an extra two years compounding will go a fair way.
✔️ Investors: revisit retirement projections without the full MTC.
✔️ Business owners: consider what qualifying capex will make your business more productive / grow faster - 20% up-front deduction will help.

See more:
🔗 https://lnkd.in/grfZNThs

24/09/2024

Happy that we’ve been able to get this across the line and welcome to all our new clients!

08/08/2024

Personal tax cuts came into effect as of 31st July, the FMA takes action against a retail investor accused of market manipulation, and banks are dropping interest rates:

Inflation continues to ease, interest rates are coming down, and the FMA issues a warning on retail trading.

29/01/2024

Life insurance, along with income, disability, and trauma insurance, can be significantly more complex than people realise. See our primer here:

Life insurance in New Zealand can be surprisingly complex and understanding the basics is crucial for a sound risk management strategy. Check out our overview of how it works.

19/01/2024

Bitcoin ETFs are here - should you invest?

The SEC approved the issue of Bitcoin ETFs (Exchange Traded Funds) this week - a pivotal moment in the mainstream adoption of cryptocurrencies as an investment asset class.

06/07/2023

ANZ has raised their 6mo and 1 year rates to over 7% - along with ASB who raised theirs to 7.25 earlier this week, even as the OCR is expected to stay flat. Funding costs globally have risen as the US yield curve has steepened in the last few weeks (ref image, source: Refinitiv)

19/04/2023

The REINZ house price index report for March 2023 is out now, showing further declines in Auckland and the region. Is the bottom near?

The Real Estate Institute of New Zealand’s (REINZ) March 2023 figures show the continuing impacts of the economic climate with median prices and sales counts easing and properties taking longer to sell.

17/04/2023

Watch our April 2023 New Zealand property market update now. What impact will the RBNZ's shock 50bps rate rise last week have on prices?

Our property market update for April 2023 covers some of the local and global factors affecting interest rates and house prices in New Zealand at the moment ...