Money Tree

The Money Market

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

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

New LVR restrictions on Rental Properties

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

The Money Market

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

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