POPULARITY
15 episodes with cccfa
6 episodes with cccfa
6 episodes with cccfa
7 episodes with cccfa
3 episodes with cccfa
3 episodes with cccfa
2 episodes with cccfa
2 episodes with cccfa
4 episodes with cccfa
The new lending legislation seems like it will be a net positive for the banks. As part of the CCCFA reforms the Financial Markets Authority is set to become a one-stop regulatory shop, looking after licences to ensure consumers are taken care of. Banking Association CEO Roger Beaumont told Mike Hosking that while there will likely be minimal impact for customers, there will be definite improvements on the bank's side. He said that one of the key changes is that the “draconian” personal liability legislation for managers and banks will be removed. Beaumont says the devil is in the detail, of which there hasn't been much yet, but anything that simplifies and clarifies monitoring in the sector is a good thing. LISTEN ABOVE See omnystudio.com/listener for privacy information.
This week, Nick chats to Michelle Isemonger, Adviser for Loan Market East, in Auckland.Michelle brings a youthful exuberance to being an advisor while drawing extensively from the successful experience around her.Nick and Michelle cover a lot in this chat, from first home buyer priorities to mover preferences, all the way to what's going on with interest rates and the basis for deciding how long to fix your mortgage.Plenty of regulatory chat in there too, from the shortening of Brightline test to all the CCCFA changes over the years, this discussion will give all listeners plenty of ammo when it comes to understanding and discussing the current housing market.Michelle can be contacted on michelle.isemonger@loanmarket.co.nz or google for her and Team Patton. Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
From today, strict loan affordability regulations are gone from the Credit Contracts and Consumer Finance Act, henceforth known as the CCCFA. This ends the bizarre inquisitions into your personal life the banks indulged in before denying you a loan. This is good news for first home buyers, obviously, but the people most affected were those trying to get smaller loans. The grilling you got to get that $5,000 you needed to fix a leak hopefully is over. The loan to value ratio rules have also eased, so again, good news for the first home buyers and investors. So how green are these green shoots in the housing market? Well, one report says that - 'home ownership for typical first home buyers has gone from being solidly in unaffordable territory at the start of the year to just marginally unaffordable in June'. Happy days- but still tough. Meanwhile, it turns out that first home buyers are increasingly buying townhouses. Townhouses made up just 6 percent of all new dwelling consents in 2012, now they account for 45 percent. And they are the obvious solution. Most of England is made up of terraced houses and townhouses, and so are most inner suburbs in Australia. They're grander than apartments. You're not sharing corridors and lifts with strangers. They're just like houses - only smaller. But in New Zealand, many don't like the idea. They've persisted with the dream that their immigrant parents had back in the 50s and 60s with stand alone houses and gardens and space and a dog. But as our cities get larger we end up living in suburbs far far away from the centre, stuck in cars, growing congestion and not living the Kiwi dream. This new generation just wants enough rooms for a family and a tolerable commute. Many of us lucky enough or old enough to have the stand-alones have been standing in the way of intensification in our suburbs. But that has been standing in the way of a generation who want the choice. You may not choose to live in a townhouse, but you aren't 24 with a baby and a limited budget. I understand that an earlier paradise is being corrupted. But I also understand it was always inevitable. LISTEN ABOVESee omnystudio.com/listener for privacy information.
In this episode, we discuss the new CCCFA mortgage rules that have just been announced by the National government. We go through what the rules mean, and whether it will actually make it easier to get a mortgage. And we also mention our upcoming webinar 'Build your $100K retirement plan in 52 minutes'. It's on Tuesday May 14th at 7pm. Click the link to register. For more from Opes Partners: Sign up for the weekly Private Property newsletter Instagram TikTok
Well well well, we made it. From JB's journey all the way to parliament back in 2021 to today, the government has finally made the decision to take back those pesky CCCFA rules that they brought in to make getting a mortgage that much harder for everyone. JB and DC take a look back at the journey and evaluate what it all means.If you have any questions or things you'd like to hear us talk about, get in touch with us at david@squirrel.co.nz or John@squirrel.co.nz. The opinions expressed in this podcast are not financial advice, or a recommendation of any financial product. Any commentary provided are personal views and are not necessarily representative of the opinions of Squirrel. As always, we recommend seeking professional investment or mortgage advice before taking any action. Hosted on Acast. See acast.com/privacy for more information.
Despite last week's well-received reactionary pod to the latest CPI inflation data, Nick and Kelvin can't help but dig a bit deeper into the data to get a steer on where things, in particular the OCR, are going. Other topics this week include the CoreLogic monthly chart pack, which focussed on borrowers preference to fix their mortgages short as well as the patchy nature of this recovery. That patchiness, and arguably weakness was backed up by the release of the REINZ index and sales tracking. On the flip side of all the negativity, Kelvin reports that early calcs from the NZAC indicate we may have re-exited the recession, but we all know high net migration (new data on that front too) has a large part to play in that too.Lastly, there's a mention of the CCCFA announcement - not much detail to analyse and even less impact likely, due to high interest rates being the key constraint on funding lines right now. Check out the monthly video and Kelvin's appearance on Tova O'Brien's Stuff podcast.Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
FIRST WITH YESTERDAY'S NEWS (highlights from Monday on Newstalk ZB) Three Strikes Instant Replay/Loans Are Never Going to Be Less Complicated/Whatever Happened to the Green Party?/Working Smarter Can Mean Working Less/Radical Public Holiday RevampSee omnystudio.com/listener for privacy information.
On the Mike Hosking Breakfast Full Show Podcast for Monday 22 April, Commerce and Consumer Affairs Minister Andrew Bayly explained why the Government is changing the CCCFA to make it easier to get loans, while Trade Minister Todd McClay gave us insights from his trip to China. Taupō Super400 winner and series leader Will Brown joined the show to recap Supercars returning to New Zealand and the future of the event here. And Mike gave his take on Taylor Swift's new album The Tortured Poets Department. Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The Government's cutting more red tape in housing. They've announced changes to ease lending criteria for home and other loans, including reforming financial services and updating the Credit Contracts and Consumer Finance Act. The time it takes to process loans will lessen and mortgages will be easier to access. NZ Banking Association chief executive Roger Beaumont joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.
In this episode, we discuss National's pledge to revamp and rewrite the CCCFA (the Credit Contracts and Consumer Finance Act). This law saw first-time home buyers being denied a mortgage because of gym memberships, Kmart purchases, and their coffee addictions. But National wants to rewrite the law so more people can get a mortgage. But what does it actually mean, and why did the new rules come in, in the first place?
The coalition government's select committee banking inquiry could look at how to encourage banks to lend more to "productive" sectors of the economy rather than having such a big focus on "unproductive" housing lending, Commerce and Consumer Affairs Minister Andrew Bayly says.The National-NZ First coalition agreement says the government will establish a select committee inquiry into banking competition "with broad and deep criteria to focus on competitiveness, customer services, and profitability."Speaking in interest.co.nz's Of Interest podcast, Bayly said the government will wait to see what the Commerce Commission has to say in its market study into personal banking services before launching the select committee probe. The Commission's draft report is due on March 21."Why have we seen outflows from the productive sector like small businesses, farming and property development which is really important if you want to build houses in New Zealand? We've seen funding going out of that sector, going into what I would term the unproductive sector which is the mortgage market. That's interesting because it obviously has a big impact on businesses and the productive sector," said Bayly."Then there are things around margin [and] capital adequacy ratios that the Reserve Bank manages. That will help banks determine where they put their money, and whether they want to invest in more mortgages, or whether they want to invest in supporting businesses.""I'm approaching it with an open mind. I want to see where they [the Commerce Commission] have got to with retail [banking], but I think inevitably there's some other areas we want to cover," said Bayly.Under bank regulatory capital rules overseen by the Reserve Bank, banks are required to hold less capital against housing lending than against other types of lending such as business/corporate and agriculture lending. The major lending exposure of all NZ's major banks is housing. ANZ NZ, the country's biggest bank, has 72% of its total lending in housing.Bayly is also Minister of Statistics, plus Small Business and Manufacturing Minister.On Statistics NZ, Bayly said it will deliver the 7.5% annual spending reduction the government has asked for. Decisions and preparation are ahead for the 2028 census, he said, noting the 2023 census cost $326 million, "a lot of money.""I'm wanting to make sure that what we do drives economic growth for New Zealand, how we can power up those businesses. That's the big strategic intent," he said."Do you run another huge census every five years? That's the first question. And if you read the Stats NZ] briefing [to the incoming minister] there's a proposal that you don't run those big things again. Because governments all around the world are having the same issue where if you front up to someone now and say 'can you fill out this long form' most of them tell you to naf off," Bayly said.The next census could look to make more use of administrative data like home addresses or tax returns, he said, information and data that lies within various government entities."Obviously they've got to do it within privacy settings. But that is certainly the trend overseas and we will have to look at it.. that you may move towards more localised, small surveys, targeted surveys, and look to buttress that information using existing data sources that are potentially untapped at the moment."In the podcast Bayly also talks about Stats NZ reporting Consumers Price Index (CPI) data monthly, funding to update the CPI that's overdue, the Credit Contracts and Consumer Finance Act, the conduct of financial institutions (CoFI) regime, buy now, pay later, anti-money laundering rules, and his plans to rewrite the Companies Act.*You can find all episodes of the Of Interest podcast here.
The guys kick off this week's discussion with a look at our house price index for January, which showed a smaller rise in values (0.4%) than in both November and December. With mortgage rates still pretty high, a mixture of weaker and stronger months for property values shouldn't be a surprise. So then it's just a choice of which adjective/synonym to use to describe patchiness!Two other notable items last week were Andrew Bayly's announcement that the Government will be looking to loosen the CCCFA rules again over the next few months – adding to some impetus for the property market – but also Paul Conway's (RBNZ Chief Economist) speech which poured cold water on the idea that the official cash rate might be cut soon.Elsewhere, mortgage lending activity continues to rise from a low base, consumer and business confidence are generally trending higher (but not consistently), while dwelling consents are still falling – and HUD was in the news for suggesting that the annual total, currently 37,000, could dip to around 32,000.Coming up this week – big labour market news (unemployment rate likely to be higher but due to more workers not job losses), mortgage lending by the term of the loan chosen, and CoreLogic's Buyer Classification figures for January.All in all, plenty to discuss – oh, and the cricket at Bay Oval too.Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
Today on the show, Susana and panellists Nalini Baruch and Peter Dunne discuss how you will be impacted by changes to the CCCFA and reform on the conduct licensing regime. Also, they discuss whether Tauranga should wait to elect their council before finalising the long term plan, and the popularity of community cats.
“The Week in Review” is where we talk about current events for the everyday investor and homebuyer.Watch the Youtube videoVisit our website to register for our free events or book a free, no obligation meeting to learn how we can help.THIS WEEK IN REVIEW TOPICS:Topic #1: The Mortgage Mag 9th of October-Will repealing the CCCFA be enough?Topic #2: Interest.co.nz 11th of October -The number of new homes being built in Auckland may be starting to decline just as immigration ramps upTopic #3: NZ Herald 10th of October-Cost of living: The urge to splurge just got a purge, Kiwibank data showsTopic #4: Interest.co.nz 10th of October-Non-bank lenders launch Responsible Debt Collection Code including guidance on when & how often they'll contact debtorsTopic #5 1News 10th of October- First-home buyers fuelling housing market recovery - QVJoin OUR NEW EVENT: https://www.propertyapprentice.co.nz/auckland-events/Book a Meeting with Paul Roberts: https://www.propertyapprentice.co.nz/free-strategy-call/Support the show*Nothing from this episode should be taken as individual financial advice. *Property Advice Group Limited trading as Property Apprentice has been granted a FULL Licence with the Financial Markets Authority of New Zealand. (FSP Number: FSP157564) Debbie Roberts | Financial Adviser (FSP221305) For our Public disclosure statement please go to our website or you may request a copy free of charge.
The most shameful promise this election came from Labour, who promised in 2017 to increase the breast screening age, and then for six years didn't do anything. And now they are promising it again, as though you are supposed to believe them and things will be different. The most ridiculous promise came yesterday, suggesting Labour are now wanting to run a Four Square. It would be a Government-run supermarket, or at least they want to help you get into one. They want to be an investor in the supermarket business. When the market study, as done by the Commerce Commission, was first mooted by David Clark, who in his own way has done as much damage to the economy as anyone, he didn't rule out the Government getting involved in the supermarket business. At the time we laughed and ridiculed it because it was so absurd but we didn't, or at least I didn't, actually think it would lead anywhere. To be frank, it still won't lead anywhere because the election for Labour is over. But the fact that things have got this mad and this unhinged shows you just how tragic it has all become. David Clark by the way, in the current Commerce Commission market study into banks, has been mentioned as well. Not only did he cycle his way through the Covid lockdown, not only did he want to run a supermarket, but his CCCFA reform might well be the biggest reason first-home buyers in particular have not been able to get access to money. His initial reforms were so haphazard that the banks screamed at him to not go as far as he did. When he ignored them, he got dragged back to the table to have another crack, a crack he suggested had sorted matters. Fast forward to the study and the banks are busy telling us it's been a complete disaster, and some banks are skirting the rules simply to be able to get people into homes. Armed with that intel, why wouldn't a genius like that and his mates want to dabble in retail? Given Labour's record on delivery, what fool would even consider going into business with them selling apples? Or any other grocery item? Government-run supermarkets is the stuff of communism and third world backwaters. And as close as we may have gotten to that status, surely most of us are bright enough to work out they have completely and utterly lost the plot. See omnystudio.com/listener for privacy information.
“The Week in Review” is where we talk about current events for the everyday investor and homebuyer.Watch the Youtube videoTHIS WEEK IN REVIEW TOPICS:Topic #1: Landlords.co.nz 7th of August - A step too farTopic #2: Interest.co.nz 7th of August -A new paper by Treasury, the Reserve Bank, and the Ministry of Housing says housing supply and wage inflation are the two biggest factors in setting rental pricesTopic #3: Interest.co.nz 9th of August - Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good creditTopic #4: Oneroof 7th of August- When to go nuclear: The risks and rewards of pre-auction offersTopic #5 RNZ 9th of August - Landlords benefiting from lack of housing supply - Renters UnitedJoin OUR NEW EVENT: https://www.propertyapprentice.co.nz/auckland-events/Book a Meeting with Paul Roberts: https://www.propertyapprentice.co.nz/free-strategy-call/Support the show*Nothing from this episode should be taken as individual financial advice. *Property Advice Group Limited trading as Property Apprentice has been granted a FULL Licence with the Financial Markets Authority of New Zealand. (FSP Number: FSP157564) Debbie Roberts | Financial Adviser (FSP221305) For our Public disclosure statement please go to our website or you may request a copy free of charge.
The Government have ditched plans to implement tougher regulations on Buy Now, Pay Later providers. They had initially proposed requiring affordability tests on purchases above $600 to ensure users could manage taking on debt, but have since ruled it 'too onerous'. NZ Herald Wellington business editor Jenee Tibshraeny says the Government may have been spooked by the fallout from the CCCFA changes, and will want to avoid a similar situation. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The Government have ditched plans to implement tougher regulations on Buy Now, Pay Later providers. They had initially proposed requiring affordability tests on purchases above $600 to ensure users could manage taking on debt, but have since ruled it 'too onerous'. NZ Herald Wellington business editor Jenee Tibshraeny says the Government may have been spooked by the fallout from the CCCFA changes, and will want to avoid a similar situation. LISTEN ABOVESee omnystudio.com/listener for privacy information.
In this weeks episode of The Alternative Property Management Show, David, Will and Harrison compare different beers and then get serious about the concerns landlords will have leading into the election. This list goes on. Rent controls, CCCFA, Interest deductibility and the Tenancy Tribunal. And Will has a unique story about a tenant eating a house!!
In this episode, we discuss whether the Credit Crunch is over? We analyze recent developments in the lending policies of banks, the rise in test rates, and their impact on potential borrowers. We also look at what real mortgage brokers and mortgage advisers are seeing in the market. This includes discussing what the CCCFA roll backs mean for borrowers. Main Topics Discussed: Credit crunch and banks' lending criteria Impact of servicing test interest rates on borrowing Changes in the CCCFA Bank attitudes to lending And we also mention our upcoming webinar about How to Succeed as a Property Investor With No Experience + Real Life Case Study. It's on Tuesday August 8th at 7pm, click the link to register.
“The Week in Review” is where we talk about current events for the everyday investor and homebuyer.Watch the Youtube videoTHIS WEEK IN REVIEW TOPICS:Topic #1: Stuff 9th of May - Property market correction 'not over yet'Topic #2: Oneroof 9th of May- CCCFA changes: Uber Eats and Netflix back on the menu for mortgage applicantsTopic #3: Interest.co.nz 9th of May-Average dwelling value continuing to decline by more than $1000 a weekTopic #4: Stuff 10th of May- Weaker market 'pretty good' for first-home buyersTopic #5 The Mortgage Mag10th of May -House buyers slow on reading market changesFor topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show*Nothing from this episode should be taken as individual financial advice.*Property Advice Group Limited trading as Property Apprentice has been granted a FULL Licence with the Financial Markets Authority of New Zealand. (FSP Number: FSP157564) Debbie Roberts | Financial Adviser (FSP221305) For our Public disclosure statement please go to our website or you may request a copy free of charge.Support the show*Nothing from this episode should be taken as individual financial advice. *Property Advice Group Limited trading as Property Apprentice has been granted a FULL Licence with the Financial Markets Authority of New Zealand. (FSP Number: FSP157564) Debbie Roberts | Financial Adviser (FSP221305) For our Public disclosure statement please go to our website or you may request a copy free of charge.
“The Week in Review” is where we talk about current events for the everyday investor and homebuyer.Watch the Youtube videoTHIS WEEK IN REVIEW TOPICS:Topic #1: The Mortgage Mag 11th April- DTI restrictions to bed in next yearTopic #2: Stuff 12th April- The rate at which property values are falling is speeding up, suggesting further big declines are on the wayTopic #3: Interest.co.nz 12th April- Third time lucky? Changes to the troubled credit rules are be applied from next monthTopic #4: NZHerald 13th April- After Official Cash Rate hike: Why is NZ not following Australia? - The Front PageTopic #5 Goodreturns 12th April - Kiwis willing to trade to keep pension age downFor topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show*Nothing from this episode should be taken as individual financial advice. *Property Advice Group Limited trading as Property Apprentice has been granted a FULL Licence with the Financial Markets Authority of New Zealand. (FSP Number: FSP157564) Debbie Roberts | Financial Adviser (FSP221305) For our Public disclosure statement please go to our website or you may request a copy free of charge.
With the news that the Government are yet again messing with immigration settings and partners are now no longer allowed an open visa unless you are on the famed, but hopelessly inadequate, green list - let me ask you this question. Who is doing the most damage to the economy? Is it Grant Robertson with the printing, spending, cost of living crisis and upcoming recession? Or is it Michael Wood with his refusal to supply the country with an amount of labour to actually meet demand? One sort of leads into another but I'd argue Wood is your number one danger based on the fact that Robertson has a pile of balls in the air. As badly as they have cocked up the economy there are a tremendous number of variables at play Whereas in immigration it's clean and clear cut - you choose what sort of visas you offer and you choose the number of people you allow in on those visas. The only possible issue beyond your control is demand. If no one wants to take you up on your offer, short of going out and spruiking your credentials, you kind of have what you have. That would not appear to be our issue. Our issue appears to be an astonishing refusal to offer a solution, when a solution is so easily and readily available. Is it pig headedness that prevents him moving? He throws $60 million at bus drivers and yet doesn't let more bus drivers in. He argues as to whether we have a nursing shortage, given he thinks nurses are coming into the country in the numbers we need, when they are not. What makes it really maddening is he says he is listening, when he isn't. I still don't see a single sector that says "thank god for that, our labour issue is solved". Even the RSE part, which they have moved on, isn't solved. The processing is an issue, the accreditation is an issue, the fees are an issue, the wage levels are an issue and the criteria is an issue. I have yet to find a single person who argues any aspect of this is working. What I pray for is a David Clark type revelation. Remember Clark and his CCCFA lending debacle? To his credit, he eventually backed down and said 'I got it wrong, we'll do it again'. And he did. It's still not sorted properly but at least he tried. Wood isn't even trying. So surely in the end of year prize for the minister who did his worst and provided the most damage to New Zealand Inc, no one has beaten Michael Phillip Wood of Mt Roskill.See omnystudio.com/listener for privacy information.
National Party deputy leader and finance spokesperson Nicola Willis explains what the party will and won't do to fix issues around housing and lending.
Communism has finally arrived and it's lobbed into Countdown. Or New World or Pak'nSave. Anyway, your can of beans will now be priced by David Clark. I am assuming suppliers will be happy. Under the Government's threat yesterday, and that's all you can call it, supermarkets have to cut a deal with anyone and everyone at commercial rates. What's a commercial rate? Well, once upon a time in a free and open country that was an arrangement between a person selling something to a person buying something. Under the Labour regime, if they don't like that arrangement they will step in and tell you what the commercial rate is. The irony of this is the Commerce Commission, who was told to step into the supermarket market and have a snoop about, didn't recommend this step. Why not? Because they are not communists and saw in their usual way that the market wasn't perfect but it certainly didn't need a regulatory sledge hammer. So the obvious question is - if you were going to regulate or threaten to regulate why ask the Commerce Commission to waste everyone's time? Unless, of course in the usual Machiavellian way in which this Government operates, they were hoping the Commerce Commission would make the recommendation so they could then blame them for the move they wanted to make all along. But, and here is the next irony, will that mean we end up with way cheaper groceries? No. And that's because a wholesale arrangement isn't a retail price. If the wholesale arrangement, whether completed by mutual agreement or David Clark sticking his nose in, encourages new players to the market, it doesn't mean the new player automatically prices their goods a mile below everyone else. If Countdown prices beans at $3.49 and you want to beat that you might price them at $3.39. You might be able to price them at $2.79 but why would you when you don't have to? There is already competition in food and lots of it. The idea this is all a massive rort on the supermarkets part is the commentary of the Government, not the reality of the market. If you think a Government that can't build houses, build light rail, deliver health services or be open, honest and transparent can sort your grocery bill - and this is the same bloke who cocked up the CCCFA and is now sorting your flour and biscuits - then you need to wake up. You're being had.See omnystudio.com/listener for privacy information.
Communism has finally arrived and it's lobbed into Countdown. Or New World or Pak'nSave. Anyway, your can of beans will now be priced by David Clark. I am assuming suppliers will be happy. Under the Government's threat yesterday, and that's all you can call it, supermarkets have to cut a deal with anyone and everyone at commercial rates. What's a commercial rate? Well, once upon a time in a free and open country that was an arrangement between a person selling something to a person buying something. Under the Labour regime, if they don't like that arrangement they will step in and tell you what the commercial rate is. The irony of this is the Commerce Commission, who was told to step into the supermarket market and have a snoop about, didn't recommend this step. Why not? Because they are not communists and saw in their usual way that the market wasn't perfect but it certainly didn't need a regulatory sledge hammer. So the obvious question is - if you were going to regulate or threaten to regulate why ask the Commerce Commission to waste everyone's time? Unless, of course in the usual Machiavellian way in which this Government operates, they were hoping the Commerce Commission would make the recommendation so they could then blame them for the move they wanted to make all along. But, and here is the next irony, will that mean we end up with way cheaper groceries? No. And that's because a wholesale arrangement isn't a retail price. If the wholesale arrangement, whether completed by mutual agreement or David Clark sticking his nose in, encourages new players to the market, it doesn't mean the new player automatically prices their goods a mile below everyone else. If Countdown prices beans at $3.49 and you want to beat that you might price them at $3.39. You might be able to price them at $2.79 but why would you when you don't have to? There is already competition in food and lots of it. The idea this is all a massive rort on the supermarkets part is the commentary of the Government, not the reality of the market. If you think a Government that can't build houses, build light rail, deliver health services or be open, honest and transparent can sort your grocery bill - and this is the same bloke who cocked up the CCCFA and is now sorting your flour and biscuits - then you need to wake up. You're being had.See omnystudio.com/listener for privacy information.
On this episode, we go through the latest CCCFA rollbacks and what they mean for you, including a case study on the changes. Hosted on Acast. See acast.com/privacy for more information.
Richard Edwards hosts this week's Auto Media Group weekly wrap panel alongside AutoTalk news editor Matthew Hansen and industry consultant Graeme Macdonald.Together the trio discusses the biggest stories of the motoring week, including the launch of the AutoTalk Live conference, all of the latest updates on NZ Automotive Investments, the government's report findings on the CCCFA, Honda being crowned NZ's cleanest car company, and much more.
The CoreLogic House Price Index (HPI) for July leads the discussion today and flows through to the consideration of negative equity for some recent buyers, particularly in the Wellington region.The availability and cost of lending remains central factors to watch, so recent announcements of further changes to CCCFA, stronger mortgage rate competition and the opportunity of more high-LVR loans provide intrigue on where the market is heading.A surprising (minor) lift in the unemployment rate caused a bit of overreaction in the market but shouldn't be fully dismissed and are we truly, finally seeing signs of a reduction in consents for new builds?Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nzPlus, you can sign up to receive any or all CoreLogic releases here.
“The Week in Review” is where we talk about current events for the everyday investor and homebuyer.Watch the Youtube videoTHIS WEEK IN REVIEW TOPIC SOURCES:Topic #1: Good Returns 2nd August -Second tranche of CCCFA changes announcedTopic #2: Oneroof 1st Aug -Number of home loans down as D-day approaches for future of housing marketTopic #3: Interest.co.nz 1st August - Buyers take control of housing market as asking prices dropTopic #4: Oneroof 30th July- Mortgages: Is now the time to gamble on floating interest rates?Topic #5 NZ Herald 2nd August- Kiwis prioritise three main things in winter months, credit check boss saysStay tuned and subscribe!For topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show
At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all. The Cost of Living Payment: 2/10 "How to take an idea and butcher it in three easy payments. Expats and dead people getting money while those who deserve it on welfare, don't. That's so very Labour." Border Fully Re-Open: 6/10 "A mile too late. Now the issue of just how open it really is. How many are actually coming through to help solve our crisis?" $10,000 Payment to Attract Nurses: 6/10 "Because it's actually a bit practical. It might actually help a problem." Shortland Street Campaign to Attract Nurses: 2/10 "Almost the scandal of the week. The cost-of-living cock up beat it. But when a government instructs the state-owned media on what to put in their television shows, that is what they call a slippery slope." David Clark: 6/10 "For at least listening and fixing his CCCFA mess." But, David Clark: 3/10 "For not listening at the start and preventing the CCCFA being a cluster in the first place." Singapore Airlines: 8/10 "Because they made a bumper profit. They also got put at the top of the list of all airlines for the fewest cancellations." Air New Zealand: 3/10 "Because they were third worst on that list and they haven't made anywhere close to a profit. Do you think they might want to look at Singapore Airlines for tips?" Commonwealth Games: 8/10 "Surprises, success, joy, and people representing this country who get hard work and want to achieve. What a relief and a thrill to watch." The All Blacks: 6/10 "Despite all the hand wringing, they'll be fine." LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEWSee omnystudio.com/listener for privacy information.
“The Week in Review” is where we talk about current events for the everyday investor and homebuyer.Watch the Youtube videoTHIS WEEK IN REVIEW TOPIC SOURCES:Topic #1: Stuff 24th July -Here's what the gains on properties held for 40 years look likeTopic #2: Interest.co.nz 26th July -Statistics New Zealand says the highest spending households are more affected by the rising mortgage ratesTopic #3: Oneroof 26th July - Too little, too late: CCCFA changes unlikely to help buyers, warn expertsTopic #4: Stuff 25th July- Banks switch home loan battle focusTopic #5 Oneroof 26th July- What you'd need to sell your home for to fund your retirementStay tuned and subscribe!For topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show
Everyone's recommendation is to stop buying flat whites, stop buying takeaways, and generally make sure you are not spending money randomly under the CCCFA and the cost of living going up. But... What about the changes to the CCCFA? Does not buying a precious oat milk flat white really impact you in the long run?Thank you to our series sponsor – Atomic Coffee. These legends fuel us and our guests through our podcasts.If you have any questions or comments, or have a topic you want us to discuss you can contact us at info@beyondthefield.co.nzThe advice shared on Beyond the Field is general in nature and does not consider your individual circumstances and is based on our personal opinions. Beyond the Field is for educational purposes only and should not be relied upon to make financial decisions. The Money Empire group are Financial Advisers. We do not provide our clients with advice on investments, nor do we provide investment planning advice.To receive personal financial advice, you must first engage with the relevant individual or sector, and receive, read and understand their Scope of Service and Terms of Engagement to ensure the service and products are suited to your needs. We may discuss products, services and answer listener questions on this podcast for illustration purposes only. www.moneyempire.co.nz Triple M Group Limited (5737850) (NZBN: 9429041825877) Registered NZ Limited Company.
“The Week in Review” is where we talk about current events for the everyday investor and homebuyer.Watch the Youtube videoTHIS WEEK IN REVIEW TOPICS:Topic #1: OneRoof 20th June -Home loan relief? The new CCCFA changes explainedTopic #2: Stuff 22nd June - With 17,000 fewer house sales expected, banks shift focus to those refinancingTopic #3: Interest.co.nz 22nd June - Falling house prices more than offset the effects of rising interest rates for first home buyers in MayTopic #4: Newshub 20th June- Houses increasingly snapped up by cashed-up multiple property owners as real estate market cools - CoreLogicTopic #5: Stuff 22nd June-The towns where house prices are defying the downturn - for now Stay tuned and subscribe!For topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show
The CCCFA and the sharp spike in interest rates were the last two nails in the coffin of a series of moves initiated by both the Government and the Reserve Bank of NZ. Although it's a baseless allegation to suggest a piece of legislation was specifically designed to bring down the property market, there are two things to point out: 1 - It's far easier to crash an economy than to build it up and, 2 - secondly, they did say they were going to do this. Rupert Gough from https://mortgagelab.co.nz/contact-us/ is my very special host today and really, we're just shooting the breeze and speculating around what comes next with the property market. https://www.surveymonkey.com/r/CZ3LM5N (Ask me anything, suggest a topic, or a guest!) _______________________ Hey! Like what you've heard today? I'm on a mission to help improve levels of wealth for everyday Kiwi's. After all, it's good to build wealth...right? Here's some ways you can get alongside the NZ Everyday Investor - no pressure, but I'd appreciate any help you could offer: Use the following referral/affiliate links Hatch: https://app.hatchinvest.nz/share/uqhcj8y8. $10 for you, and $10 for me, if you sign up and deposit $100NZD. Sharesies: https://sharesies.com/r/RRPR6X. $10 for you, and $10 for me, if you sign up for the first time with them. Easy Crypto: easycrypto.com/nz?ref=19599. One of NZ's most trusted places to buy/sell your digital assets. Share this Spotify link with your friends: https://open.spotify.com/show/0MA6EGur387YT1ENKIffMx?si=b1C28fV7TmWib8qXnZLDoA _________________________________________________________ So what's next for you? Well, you may want to consider the following... 1 - Write a review on https://www.facebook.com/TheNZEverydayInvestor/ (Facebook), or your favorite podcast player 2 - https://www.surveymonkey.com/r/CZ3LM5N (Ask me anything, suggest a topic!) 3 - To catch the live episodes, please ensure https://ungaro.co.nz/nzeverydayinvestor/ (you have subscribed to us on Youtube): 4- https://ungaro.co.nz/nzeverydayinvestor/ (Sign up to our newsletter here) Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research, taking on board a broad range of opinions, or ideally, consult and engage a financial adviser to provide guidance around your specific goals and objectives. If you would like to enquire around working with Darcy (financial adviser), you can schedule in a free 15 min conversation just https://calendly.com/ungaro/15min (click on this link)
In amongst some wild weather over the weekend, credit conditions and interest rates are back as a key discussion point again this week, given the soon-to-begin relaxation of the CCCFA rules, but on the other hand the start of Quantitative Tightening from the Reserve Bank. Even though the RBNZ envisages QT being a smooth/managed process, Nick and Kelvin discuss how there's surely some kind of risk that it adds to upwards pressure on mortgage rates.Buyer Classification for May is also covered off, and the theme of ‘debt vs equity' is still evident, with cash multiple property owners having a higher market share in recent months – albeit due to their number of purchases falling less than other groups, rather than an outright increase in activity.As per usual the guys look ahead to upcoming data this week – including the Q1 GDP data – but also take on a broader discussion of the investment landscape at present (Kelvin's write up). With capital gains fading, yields low, and mortgage rates higher, it's possible that would-be new investors are looking very hard at their sums. Of course, for existing investors with much higher effective yields, the game is a bit different – and some (all?) will want to avoid Brightline too!Kelvin's 5 things to know article is live, as is his analysis of the history of the top end of the market. Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
“The Week in Review” is where we talk about current events for the everyday investor and homebuyer.Watch the Youtube videoTHIS WEEK IN REVIEW TOPICS:Topic #1: Landlords.co.nz 7th June - Construction activity risesTopic #2:NZ Herald 5th June -Rental shortage in Queenstown before booming winter season takes offTopic #3: The New Zealand Mortgage Mag 9th June - CCCFA changes finally revealedTopic #4: Interest.co.nz 9th June- Forget about FOMO, FOOP now rules the roost as housing market cools rapidlyTopic #5: Oneroof 8th June- ‘Dropping $50K a week': Prices slashed on thousands of listingsStay tuned and subscribe!For topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show
‘Not good enough' is the summation of the Bankers' Association when it comes to the Government's tweaks on the CCCFA.The Government put a band aid on the lending rules when they announced the changes in March and put it up for consultation.Now the NZ Bankers' Association has officially put in their submission to the Ministry calling for a more fulsome review.Chief executive Roger Beaumont joined Mike Hosking.LISTEN ABOVESee omnystudio.com/listener for privacy information.
‘Not good enough' is the summation of the Bankers' Association when it comes to the Government's tweaks on the CCCFA.The Government put a band aid on the lending rules when they announced the changes in March and put it up for consultation.Now the NZ Bankers' Association has officially put in their submission to the Ministry calling for a more fulsome review.Chief executive Roger Beaumont joined Mike Hosking.LISTEN ABOVESee omnystudio.com/listener for privacy information.
This week we have Nick back in studio to discuss the CCCFA, inflation, and the cost of living. Topics include the broad brush of the CCCFA, the unintended consequences it has had on normal lending, and the unfortunate combination of loans being both harder to get and more costly to pay back.Read the articles:The rising cost of livingSave it for later: The CCCFA revisitedThe Adviser Talk is available on all popular streaming platforms, including Spotify and Apple Podcasts.Follow Stewart Group on Facebook for the latest updates and articles from our team of expert financial advisers. Looking to get your financial house in order, and keep it that way? We can help.Nick Stewart is a Financial Adviser and CEO at Stewart Group, a Hawke's Bay-based CEFEX certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance & KiwiSaver solutions. The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visit our website, www.stewartgroup.co.nz Hosted on Acast. See acast.com/privacy for more information.
Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to beat the banks at their own game. Hosted by Frances Cook. We're back! Welcome to an all new season of the podcast. I may have left to have a baby, but I couldn't stay away for too long, and boy some interesting stuff happened while I was gone. Not least of which are the changes to mortgage rules. You may have heard rumours that you can now be turned down for a mortgage simply for buying Uber Eats, or too many takeaway coffees, even if you can afford them. The rumours are true. Well, kind of. It's all because of a change to lending rules, called the triple CCCFA, or the Credit Contract and Consumer Finance Act if we're being formal. This law was brought in to stamp out loan sharks, and predatory debt schemes like what's used by clothing trucks that patrol poorer neighbourhoods. Now that's a good thing, but the unintended consequences, well, they haven't been so good. The changes ended up clobbering the mortgage sector, making it even more difficult for people trying to buy a house. Because that wasn't bad enough already. The backlash was swift, the government backpedalled, and now the whole thing looks set to change again. Meanwhile, as all of this is happening, interest rates are going up and making mortgages more expensive. It's enough to make your head spin, and to make the whole enterprise of buying a house even more intimidating. So let's cut it back down to size. What's going on with the CCCFA, how can you turn these interest rates to your advantage, and how do you play against the banks, and win? For the latest podcast I talked to mortgage broker Bruce Patten from Loan Market. If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here , Instagram here and TikTok here See omnystudio.com/listener for privacy information.
In this episode, we compare banks and non banks to see which are lending more or less in the wake of increased banking and lending regulation. We show that there are way fewer mortgage applications turning into loans with the banks ... but for non-banks they appear to be approving the same number of applications as before. We also mention our upcoming property investment webinar. This is where you'll learn the 6 strategies you can use to give yourself a better shot at the bank saying yes.
Nick is back on deck after household COVID isolation and there's lots of data and other information to review. A look back at the CoreLogic House Price Index release for March brings up a conversation around how the market performed in the last major downturn, following the Global Financial Crisis, as well as the statement that we may well reflect on Q1 this year as the tightest credit will get (for this cycle).There's also CoreLogic Buyer Classification data for March, which shows a further drop in first home buyer activity (which Kelvin spoke about on the AM Early Show) and a quick overview of the confirmed changes to CCCFA, as announced by MBIE last week.But the meaty part of the pod is dedicated to a discussion on the recently released report "The decline of housing supply in New Zealand: Why it happened and how to reverse it" from the Infrastructure commission.Releases to look out for this week include the RBNZ reviewing the Official Cash Rate, rental data for March, and migration figures for February. Plus, Kelvin's "5 things to know" is live on oneroof.Lastly, thanks to Thomas Gilbert for his question on the sizes of homes being consented for at the moment.Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
We're introducing a new series called “The Week in Review” where we talk about current events for the everyday investor and homebuyer. THIS WEEK IN REVIEW TOPICS:Investors back in the market with bigger mortgagesRecord-high number of building consents combined with material shortages creating 'a lot of pressure' -Corelogic ExpertCorelogic data reveals power shifting to buyers as housing market weakensAirbnb slams Christchurch's new house sharing rules as 'most restrictive in Australasia' DIY landlords to escape regulations nooseStay tuned and subscribe!For topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeStay tuned and subscribe!Support the show (https://www.propertyapprentice.co.nz/free-property-investment-seminars/)
In December 2021 the government made changes to the Credit Contracts and Consumer Finance Act that were designed to protect borrowers – but had consequences that saw reports of people being rejected for lending because they had takeaways too often, had too many streaming subscriptions, and even because they made regular investments. Earlier this month, the Minister for Commerce and Consumer Affairs, David Parker announced that the Government plans to make further changes to the CCCFA to help avoid these unintended outcomes. To understand where we are at with bank lending – and what the changes are designed to achieve – Jo Kupa, Kiwibank Mortgage Area Manager and Madeleine Allen, Mobile Mortgage Manager for Kiwibank joined The Spinoff's Simon Day on the monthly bonus episode of When The Facts Change, brought to you by The Spinoff Podcast Network together with Kiwibank. See acast.com/privacy for privacy and opt-out information.
In this episode, we talk about how the controversial and much hated CCCFA law has undergone a small revamp after Minister for Commerce – David Clark, announced changes. We walk through the bank's responses and whether anything will change to your ability, as a property investor, to get lending from a bank. The episode then wraps up by talking through what's happening with this law ... including the review from the Council of Financial Regulators.
Anyone that's a first-home buyer, or looking to get another mortgage for their rental property, this is a video you need to see. The new lending law, that came into effect in December, has been updated. It was the CCCFA and there was a big drop in loan applications. Good people that could actually afford the loan, weren't getting the opportunity to get a mortgage because of the new changes. The idea was that they wanted to protect vulnerable people from getting into debt that they can't afford. There are three keys things to look at: 1. What have they changed? 2. Why are they changing the CCCFA? 3. What do the CCCFA changes mean for you? So a really simple one that they've changed is they are no longer recognizing savings and investments as outgoings, which makes sense. You know, like if you take on a mortgage and you're saving and you have investments, it makes sense that you might be able to use that for your mortgage? So why are you calculating that as an outgoing? The other thing is they were looking at the last three to six months of your expenditure and assessing: how much you're spending on Uber Eats? How long are you going on Netflix? Why are you wasting money on these trivial things?Which would impact your ability to get a loan. Now they're putting less ownership on it. They're focusing on future spending because they recognize that people change their habits to meet the requirements of their debt. So essentially, less focus on how you're spending your money as opposed to how you will spend your money and not going through your transactions with a fine-tooth comb like they were before. And the final piece is they're going to have clearly defined examples so it's easier for lenders to recognize what they should do in certain instances. And that steps into the why. Why are they changing the CCCFA? Essentially, there's a huge risk for banks and lenders in terms of a fine. So because they didn't want to pay this massive fine they overdid it and are now trying to reign it back in. So that's the main reason why they're trying to give clearly defined examples so this doesn't happen. The other reason is that there was a drop in loan applications and people that should be able to get loans weren't able to. That wasn't their intention. So they have made adjustments accordingly. What do the CCCFA changes mean for you? It makes it easier to get in a position where you can get a loan but things are still tightening up. It's still harder to get as large a loan, as you did before, the big inflationary concerns and all those people rushing out to buy property. But, what it means for you, is that you should still have the habits that they set the criteria for initially. Still spend your money as though you have the mortgage now. Worst case scenario, you have a higher deposit. Sure, the changes are good. Sure, it's none of their business to go through three to six months of statements to assess your ability to fund the loan but you can still have the habits of someone that's going to pay down their debt because the sooner you pay down that debt, the sooner you can become financially free and can start enjoying life the way that you want to.
People have been asking us if we think waiting for house prices to drop before purchasing is a good idea in the present market. Here to give you three major reasons why you SHOULDN'T sit on the sidelines is Property Apprentice CFO Debbie Roberts.Stay tuned and subscribe!For topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show (https://www.propertyapprentice.co.nz/free-property-investment-seminars/)
Some hugely relevant data to cover off this week, and very timely, after the Government last week announced a few tweaks to the Credit Contracts and Consumer Finance Act. This followed a mini-review of the recent changes implemented on December 1, which appear to have impacted 'good' borrowers than intended or necessary. We've got just-updated CoreLogic Buyer Classification data for February, illustrating the greater impact on first home buyers as well as the February REINZ HPI data showing the broader impact on property values.Stats NZ rental data remains of interest, especially with the annual growth rate now slowing after peaking at almost 6% last year and Kelvin's economic data update covers off what to look expect this week when it comes to GDP data for Q4 and NZAC data for February.Don't forget to read and share Kelvin's 5 things you need to know and look out for an update to our monthly video later this week.Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
Banks say changes to lending rules will help with key pain points.The Credit Contracts and Consumer Finance Act took effect last December to help prevent predatory lending.The Government's conceded it had unintended consequences on all borrowers and is proposing amendments to fix it.NZ Bankers Association's Roger Beaumont told Andrew Dickens they'll help, but the law could still be improved.“I would describe them as a small step in the right direction. There's a lot more heavy lifting that needs to go on in terms of getting into the detail of these regulations.”LISTEN ABOVE
If you're seeking clarity with regards to recent news around Council Valuation (CV) increases, you've arrived at the right episode.Debbie Roberts, CFO of Property Apprentice shares her perspective on CVs, how you can address issues around them and what numbers matter when selling or purchasing property.Stay tuned and subscribe!For topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show (https://www.propertyapprentice.co.nz/free-property-investment-seminars/)
Kia ora fellow home loan applicationers and deposit savers! Today we discuss the recent changes to the CCCFA rules that are getting people rejected from home loans for all sorts of ridiculous reasons! You may have seen this in the media recently..We discuss how to avoid these rejections and set yourself up for success! Plus some general tips around deposits and accounts when saving a home loan.Let me know what you think!!Find more of us here:http://theoneupproject.nz/ https://www.instagram.com/theoneupproject/https://linktr.ee/theoneupproject Want to get in touch directly?sarah@theoneupproject.nzThanks so much for your support and listening it means so much to me! Please leave a rating or review if you're enjoying and I will see you in the next episode!DISCLAIMER:The OneUp Project is an educational platform that provides information that is general in nature. There may be opinions or an individuals experience within this resource that should not be considered as recommendations or personal advice. Everyone's financial situation is so different and you must use the information within this resource at your own risk. Please complete your own due diligence before making any decisions based on the information in this resource. I am not a financial advisor and if you require expert advice please seek advice from a professional.
The latest credit data from Centrix seems to confirm what many have been saying, lending has become more restrictive since changes to credit laws, the CCCFA, came into effect in December. And those being hit the hardest are low-risk borrowers, with the highest credit score. Keith McLaughlin is the Managing Director at Centrix, he joined Andrew Dickens. LISTEN ABOVE
In this podcast Mortgage Lab CEO Rupert Gough gives you an overview of the act, its impacts, and what you now need to do differently in order to get a mortgage."The act, called CCCFA for short, came into force on the 1st December 2021. It was largely meant to protect consumers from high-interest loan sharks. But unintended effects of the act have flowed into mainstream mortgage applications, for home-buyers, upgraders and investors alike.So, what is the CCCFA? The act effectively increases the liability for the directors and senior managers of lending companies. They are now personally liable if borrowing is shown to be irresponsible or deficiencies in the lending process are found. A fine of up to $200,000 for each breach is possible. As a result, banks and other lenders have tightened their application process. They are combing through every small detail to make sure their process is correct..."You can watch a video on the same subject here: https://youtu.be/jtjbghnVchU If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.
Join James and Mike in this week's episode of Cheques & Balances as they discuss the reasons behind why it's so hard to get a mortgage. What is the CCCFA? The changes being made to this act have ultimately stopped many first home buyers from getting on the property ladder and many others from securing finance. But is it the be-all and end-all? Having a mortgage adviser on your side can help your chances as they are able to present your information to the bank in a way that you can't. Want to know how? Listen to this episode.The content in this podcast are the opinions of the hosts. It should not be treated as financial advice. It is important you take into consideration your own personal situation and goals before making any financial decisions.See acast.com/privacy for privacy and opt-out information. Hosted on Acast. See acast.com/privacy for more information.
Just when the market begins to open opportunities, smoke and mirrors on how to invest wisely start to appear. Yikes!In this episode, Property Apprentice CEO Paul Roberts wastes no time explaining what you can do to avoid paying too much for a property and how to recognize good investing advice from the bad.Stay tuned and subscribe!For topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show (https://www.propertyapprentice.co.nz/free-property-investment-seminars/)
The Mortgage Man - A podcast for everyone with or wanting a mortgage
Everyone is already talking about it, so what exactly is a 'buyers market'? We haven't had one in a while.. In its simplest terms, a buyer's market is when the conditions of the market suit the buyer's rather than the seller's of properties. These conditions can be things like.. An oversupply of property listings for the number of buyers looking. eg, more houses on the market mean more choice for the buyer and less negotiation power for the sellers. Policy changes eg, the new CCCFA policy has scared a lot of buyers away so there are fewer buyers to compete with and fewer buyers looking at the listed properties resulting in sellers needing to lower their expectations of price (this is long overdue) Interest Rates, eg now that interest rates are going up there are fewer people with the FOMO mindset and more with the holy sh*t can we even afford a mortgage mindset. This means, like the point above, fewer buyers and less competition for the same number of properties. All of these things compile to give some very good buying opportunities. This does not mean that house prices will drop (I don't see that happening). More so it means that there will be less pressure to get an offer in because fewer houses will go to multi offers. There will be less chance of you overpaying for an average property (hopefully the real estate agents relay honest price expectations to their clients). You might even be able to bag a bargain on those fringe properties like the ones in slightly less desirable areas, or those that have building/CCC issues or are just plain ugly. But, don't get me wrong, the good properties will still sell so if you want those ones you'll still need to be a bit aggressive in your search. The first step is to make sure you are ready to buy; that comes in the form of a pre-approval so you can pull the trigger on a purchase when that right-priced almost perfect property comes along. Email us aaron@tanta.co.nz to start the ball rolling
The controversial Credit Contracts and Consumer Finance Act came into force from 1 December 2021. It has significantly changed how Kiwis gain access to credit. Ben Craven and Oliver Hartwich discuss the effects of the CCCFA with Lyn McMorran, executive director of the Financial Services Federation, a non-profit organisation representing New Zealand's responsible non-bank financial institutions.
With the big banks being hit so hard by the new CCCFA rules, more and more borrowers are looking outside the box to fund their next home purchase. For the uninitiated, the range of choices that borrowers have in this sector is surprisingly vast. Thank you to our series sponsor – Atomic Coffee. These legends fuel us and our guests through our podcasts. If you have any questions or comments, or have a topic you want us to discuss you can contact us at info@moneyempire.co.nz. The advice shared on Beyond the Field is general in nature and does not consider your individual circumstances and is based on our personal opinions. Beyond the Field is for educational purposes only and should not be relied upon to make financial decisions. The Money Empire group are Financial Advisers. We do not provide our clients with advice on investments, nor do we provide investment planning advice. To receive personal financial advice, you must first engage with the relevant individual or sector, and receive, read and understand their Scope of Service and Terms of Engagement to ensure the service and products are suited to your needs. We may discuss products, services and answer listener questions on this podcast for illustration purposes only. www.moneyempire.co.nz Triple M Group Limited (5737850) (NZBN: 9429041825877) Registered NZ Limited Company.
First up this week is a recap of the Cordell Construction Costs Index (CCCI) for Q4 which was released last week and got a LOT of press. Then we review the January CoreLogic Buyer Classification data showing the first real signs of tightening credit (LVRs and CCCFA) hitting first home buyer activity.Plenty to look out for this week too, including the CoreLogic Affordability report, Stats NZ's Rental Index for January and the REINZ data release. And as always this week's '5 things you need to know' is up on oneroof.co.nz.Lastly, a big thanks to Anna for getting in touch about her recent experiences in the Point Chevalier property market - plenty of broader trends to look out for as we transition away from the latest boom phase.Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
Signs are pointing to a buyer's market emerging very soon. This might just be the breakthrough you need to finally get your foot on the property ladder or secure an investment that's suited to your financial situation. Find out what it means from Property Apprentice's Co-Founder and CFO Debbie Roberts.Stay tuned and subscribe!For topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show (https://www.propertyapprentice.co.nz/free-property-investment-seminars/)
Nick returns to chat to Ken about the new Credit Contract and Consumers Finance Act and why a principles-based legislation with no bottom line to reference will always result in institutions acting conservatively so they don't get made an example of.Topics include the origins of world-famous-in-Hastings meatballs, the value of local help, and the unfortunate timing (and handling) of the CCCFA.Read the article:https://www.stewartgroup.co.nz/we-love-to-write/2022/1/31/for-want-of-a-nail Nick Stewart is a Financial Adviser and CEO at Stewart Group, a Hawke's Bay-based CEFEX certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance & KiwiSaver solutions. The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visit our website, www.stewartgroup.co.nz Hosted on Acast. See acast.com/privacy for more information.
With the banks taking a forensic look at client's expenses, it's becoming even harder to get approved for a home loan. We chat through what the f**k is going on with the CCCFA and how it might impact future home buyers. Thank you to our series sponsor – Atomic Coffee. These legends fuel us and our guests through our podcasts. If you have any questions or comments, or have a topic you want us to discuss you can contact us at info@moneyempire.co.nz. The advice shared on Beyond the Field is general in nature and does not consider your individual circumstances and is based on our personal opinions. Beyond the Field is for educational purposes only and should not be relied upon to make financial decisions. The Money Empire group are Financial Advisers. We do not provide our clients with advice on investments, nor do we provide investment planning advice. To receive personal financial advice, you must first engage with the relevant individual or sector, and receive, read and understand their Scope of Service and Terms of Engagement to ensure the service and products are suited to your needs. We may discuss products, services and answer listener questions on this podcast for illustration purposes only. www.moneyempire.co.nz Triple M Group Limited (5737850) (NZBN: 9429041825877) Registered NZ Limited Company.
The Mortgage Man - A podcast for everyone with or wanting a mortgage
You asked for it, so we created it. With the new CCCFA policy rules, we are seeing a whole new wave of media fearmongering headlines. No, you will not get a mortgage just because you have KFC- there is much more to it. But you will be declined if your bank statements show that you are living outside your means, or if there are some red flags on them. So how can you make sure your bank statements are presented to help your application? What things are considered "red flags"? Should you have separate accounts for different spending expenses? Should you take cash out to spend on things? Lots of questions, and this week I am joined by our operations manager and admin extraordinaire Michelle who has looked at more bank statements than an IRD auditor. We go over the things mentioned above and give you some extra tips on how to ensure you have your mortgage approved at the level you want. Have a listen, and if you want us to look over your statements before applying for a mortgage then just email us at hello@tanta.co.nz or aaron@tanta.co.nz
With every new year comes a clean slate — so what are you willing to do to make this year YOUR year of success? In our first Property Apprentice Podcast episode for 2022, Paul talks about the movement he sees in the property market and what buyers can expect in the coming months. Will you finally get your chance to secure that dream deal?Stay tuned and subscribe!For topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show (https://www.propertyapprentice.co.nz/free-property-investment-seminars/)
In this episode, we discuss several case studies of borrowers who were declined by their banks after the CCCFA legislation was introduced. We talk through what property investors and first home buyers need to know, as well as the industry's response. We also mention that if you want to get involved you can sign this parliamentary petition. We wrap up the episode by mentioning the Next Steps Property Investment course. In this course you'll be able to figure out whether we're the right fit to help you in your property investment journey in 2022.
New legislation has recently come into force, that is having a huge impact on first home buyers, and existing property owners. The Credit Contracts and Consumer Finance Act, or CCCFA for short, isn't a new concept, but the changes are. The biggest change is that lenders now need to assess your income, and spending habits, to decide if you can fund your mortgage, both now, as well as in the future. CHAPTERS: 01:29 What is the purpose of the new CCCFA changes? 02:33 What does the CCCFA have to do with payday loans? 03:54 How does the CCCFA changes impact first home buyer? 04:14 What should you do before getting a mortgage in 2022? 10:08 How does the CCCFA changes impact rental property owners with an existing mortgage? 14:04 Conclusion ►BOOK A FREE CONSULTATION HERE: https://calendly.com/ryanjmelton/free-consultation RESOURCES & LINKS: ____________________________________________ ►Register to learn from leading experts in KiwiSaver, budgeting, investing and real estate: https://moneyskills.co.nz/ ►Subscribe to the NZ Guide To Financial Freedom Podcast: https://link.chtbl.com/2qrW8KRB ►Subscribe to the Accounting For The Podcast: https://link.chtbl.com/1zwvrt6i ►Get a free copy of my book 'The Dirty Secrets Of The Financial Elite' & Subscribe to my Newsletter: https://govt.us3.list-manage.com/subscribe?u=030f8337ffda9c52e663e6d74&id=73c3b2ede0 ____________________________________________ FIND ME: ►Book A Free Consultation: https://calendly.com/ryanjmelton/free-consultation ► If you want to learn how to fund your income in retirement check out our company OnePlan For Retirement @ https://oneplan.co.nz/ ►Find me on Tik Tok: https://www.tiktok.com/@ryanjmelton ►On Linkedin: https://www.linkedin.com/in/nzpodcast/ ►On Instagram: https://www.instagram.com/ryanjmelton/
Independent Economist Tony Alexander joins the Programme to talk about what the 2022 housing market may look likeLISTEN ABOVE
Welcome to the daily nugget, daily property insights across New Zealand, 7 days a week. 1 question, 20 minutes or less. Today's topic: CCCFA changes and impact to mortgage applications. Hosted by Lawrence Lotze and joined by Andrew Armstrong. For any details around Andrew please head over to his website: https://lighthousefinancial.co.nz/
The Mortgage Man - A podcast for everyone with or wanting a mortgage
2022! The best shot you have of buying a house...seriously! But then again, last year was even better... And before that the previous year too... The best time to buy in NZ was last year the next best time is now (ancient Chinese proverb modified for the NZ property market) Here is the thing, there are always new rules and other reasons why some people find a reason to "wait and see". Unfortunately, you could be waiting a while. The latest change that has been splashed across the headlines is the new CCCFA rules, for you, that means banks are looking closer at your spending. You've seen the headlines of mortgages being declined because of a trip to Kmart or overspending at Christmas - but those headlines aren't telling the full story. That just doesn't happen. Mortgages are based on income vs expenses at a scaled rate. If you spend "too much" this might just lower your pre-approval amount, if it was going to be a decline then this would be because of something a lot more serious than one trip to the shops. In this week's podcast, we dive deeper into the new rules and why they aren't that scary, how you can still get a mortgage, and other opportunities in the market right now. Top takeaway - get a mortgage broker to look at your spending before sending it to the bank so that they can prepare you for what the bank is looking for. Need help? Email aaron@tanta.co.nz
Check out the episode mentioned around Core-Satellite: https://nzeverydayinvestor.simplecast.com/episodes/what-is-core-satellite-investing-dean-anderson-and-catherine-emersonCheck out this video on the CCCFA: https://youtu.be/AHzA-z8G4XAHey! Like what you've heard today?I'm on a mission to help improve levels of wealth for everyday Kiwi's. After all, it's good to build wealth...right?Here's some ways you can get alongside the NZ Everyday Investor - no pressure, but I'd appreciate any help you could offer:Use the following referral/affiliate linksHatch: $10 for you, and $10 for me, if you sign up and deposit $100NZD.Sharesies: $10 for you, and $10 for me, if you sign up for the first time with them.Easy Crypto: One of NZ's most trusted places to buy/sell your digital assets. A small portion of the fee charged will go towards supporting the efforts of this podcast.Share this Spotify link with your friends: https://open.spotify.com/show/0MA6EGur387YT1ENKIffMx?si=b1C28fV7TmWib8qXnZLDoA__________________________________________________________________So what's next for you?Well, you may want to consider the following...1 - Write a review on Facebook, or your favorite podcast player2 - Complete this survey! A Future Model of Financial Advice3 - To catch the live episodes, please ensure you have subscribed to us on Youtube: 4- Sign up to our newsletter herePlease ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research, taking on board a broad range of opinions, or ideally, consult and engage a financial adviser to provide guidance around your specific goals and objectives.If you would like to enquire around working with Darcy (financial adviser), you can schedule in a free 15 min conversation just click on this link_________________________________________________________
Kia ora,Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news that rising inflation is due to more than just oil prices - food prices are now reaching extreme levels.But first, US jobless claims came in low again reporting only +212,000 new claimants with the prior week's low level revised lower. Now only 1.56 mln people are on these benefits. (This is the actual number; most reports focus on the seasonally adjusted level which is at 1.96 mln, so it may take a while for that statistical twist to work through.)Supporting these very low rates are the data for layoffs which came in at only 14,875 in November, the lowest monthly total since May 1993.All eyes are now on tomorrow's non-farm payrolls report where a rise of +550,000 is expected in November. There will be interest too in the tracking of overall hours being worked.Meanwhile, the threat of another Federal government shutdown seems to have eased with a bipartisan deal agreed, one that still needs to pass votes in both Congressional bodies. It should pass but the Trump desire to cause havoc plays hard in these chambers still.Japanese consumer confidence remained unchanged but still quite depressed in November. It is showing no sign of returning to pre-recession levels.Global food prices pushed up to a new recent high in November and now only marginally lower than the record high in February 2011. But in inflation-adjusted terms, these prices are now at their highest levels in 45 years. Meat and dairy prices are not driving the overall index, but they are rising and near their highs as well. It is hard to see conditions coming where food prices will fall back, so this pressure could be long term. Inflation in the OECD area surged to +5.2% in October, the highest rate since 1997.European producer prices shot up more than expected in October, and the expectation was for a high rate. Only they got more.But that hasn't inhibited international trade in goods - yet. Air cargo activity in October shot up +10.4% above the October 2019 level, up +8.6% in Europe, up +18.8% in North America, and up +7.9% in the Asia/Pacific region.In Australia, demand for home loans fell in October, down by -2.5% from September. For owner occupiers, the drop was -4.1%. The year-on-year data looks spectacular but it is pandemic-affected and it is the monthly retreat that is catching eyes. Not only is housing churn lower, regulatory pressures are building and there is a sense that a credit crunch is coming just as the market itself is tailing off after a long period of unbridled enthusiasm in Australia. With the many regulatory levers being pulled in New Zealand, the latest being the rolling out of the new CCCFA requirements which come on top of a string of others, a credit crunch is probably more likely to bite, and hard, in New Zealand.The UST 10yr yield opens today at 1.46% and +2 bps higher from this time yesterday. The price of gold will start today at US$1767/oz and down by -US$18 or -1.0% from this time yesterday.And oil prices are languishing, just marginally softer at US$66.50/bbl in the US, while the international Brent price is now just over US$69.50/bbl. But this overlooks a sudden temporary dive to just over US$62/bbl four hours ago.The Kiwi dollar opens today softer at 68.2 USc. Against the Australian dollar we are firmer at 96.1 AUc. Against the euro we are also softer at 60.2 euro cents. That means our TWI-5 starts today at 72.9 and at a level it has changed from very little all week.The bitcoin price has fallen to US$56,199 which is -4.3% below the level at this time yesterday. Volatility over the past 24 hours has been moderate at just over +/- 2.6%.You can find links to the articles mentioned today in our show notes.And get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again on Monday.
The Mortgage Man - A podcast for everyone with or wanting a mortgage
November has been a big month for changes in the mortgage world. We've had the fastest increase in interest rates ever which has resulted in higher test interest rates at the banks. We've also had CCCFA come into play resulting in banks being more strict with how they look at expenses. We've also had more Debt To Income ratios being used and some banks shutting shop to ALL buyers with less than 20% deposits. It is safe to say, things have gotten tougher - all in the hope of slowing down house prices (should just build more houses). What does this all mean for you? Have a listen!
You've probably heard of the term "red flag" being thrown around all over social media lately. Often a cautionary term used in personal relationships, it now applies to many other situations and as a matter of fact, it can very much apply to certain events and influences in the property market. The good news is that you can definitely avoid committing errors as you spot them.Paul Roberts, CEO and Founder of Property Apprentice, dissects upcoming changes in lending that could alter options available for investors in the next months. How far does sound, independent financial advice take you? Listen to what he has to say.Stay tuned and subscribe!For topic suggestions, please email info@propertyapprentice.co.nz and if you haven't already done so, please register for one of our upcoming free online training events. You may view them at www.propertyapprentice.co.nz and register. Our social media channels to get updates:FB: https://www.facebook.com/PropertyApprentice/IG: https://www.instagram.com/propertyapprenticenz/LinkedIn: https://www.linkedin.com/company/property-apprenticeSupport the show (https://www.propertyapprentice.co.nz/free-property-investment-seminars/)
Check out tonyalexander.nz to sign up for the free, weekly newsletter, or better yet, spring for the premium version if you can!There are a whole host of things that may bring the NZ property market down. We haven't seen this for a while, and I wonder if we're ready for this.As mentioned in this show, please watch this short video around the CCCFA. Special announcement: This Friday, and hopefully every Friday going forward, it's TGIF. A shorter, opinion-style show where I tell you what I really think. If you have an idea for a topic or a question you want to pose, reach out and I may turn it into an episode. _____________________________________________________________The NZ Everyday Investor is brought to you in partnership with Hatch. Hatch, let's you become a shareholder in the world's biggest companies and funds. We're talking about Apple and Zoom, Vanguard and Blackrock.So, if you're listening in right now and have thought about investing in the US share markets, well, Hatch has given us a special offer just for you... they'll give you a $20 NZD top-up when you make an initial deposit into your Hatch account of $100NZD or more. Just go to https://hatch.as/NZEverydayInvestor to grab your top up. __________________________________________________________________Like what you've heard?You can really help with the success of the NZ Everyday Investor by doing the following:1 - Write a review on Facebook, or your favourite podcast player2 - Help support the mission of our show on Patreon by contributing here3 - To catch the live episodes, please ensure you have subscribed to us on Youtube: 4- Sign up to our newsletter here6 - Tell your friends!7 - Subscribe!NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage a financial adviser to provide guidance around your specific goals and objectives.If you would like to enquire around working with Darcy (financial adviser), you can schedule in a free 15 min conversation just click on this link_________________________________________________________
The increasing automation and technical capability of the finance industry has not only provided efficiencies in enabling a multibillion dollar economy to grow, it has also evolved unintended consequences resulting in opportunities for misjudgement, misconduct and misuse. Government regulatory oversight is designed to contain and manage this through reducing the risk of company failure and potential failures of the global monetary system, as well as to protect customers and their money from fraud or unethical conduct.Having regulation to protect everyone from ‘bad' or unconsciously unethical behaviour has to be a good thing, however the realities of implementing regulation is complex, expensive to retrofit, and rarely done ‘by design' in New Zealand. It's rapidly changing and difficult to get right in evolving business environments, and when it goes wrong it is very, very expensive. With the pace of change Technology has to be the answer for this to be more effective in order that companies of all sizes and budgets can meet the rapid increase in regulation with efficient automated solutions that enable us to ethically protect the industry, ourselves, staff and customers.About Janet Janet has over 20 years of experience managing diverse technology teams and delivering change in the Financial sector, Technology and Regulatory. Originally from the UK, Janet moved to Singapore with Barclays Capital in 2006 managing teams and expanding the Global Software Development Centre to then 5 years later, evolve and transition it further to lower cost global locations. Since moving to New Zealand in 2013 Janet has been focussed on Regulatory change projects and becoming passionate about compliance by design, working on some of the key legislative changes for New Zealand, FMCA, CLR, CCCFA, AML, GDPR and Conduct, and is increasingly frustrated with the acceptance of largely manual approaches and the lack of opportunity to digitize compliance and keep up with Financial technology advances.To address her frustration Janet has engaged with the Tech Futures Lab here in Auckland, juggling work by embarking on a part-time Master of Technological Futures journey to see what a different form of Regulatory Change might look like for the future, be that near or distant.Janet is involved in (and managed) Women in IT, Diversity groups, Graduate programmes including Shadowtech, as well as being a mentor and forming communities of practice for project management and Agile ways of working.
© 2020-2025 Ivy Podcast Discovery LLC
