Kapiti Financial Advice Limited – KiwiSaver and Investment
I have had a couple of enquiries over the past week about an article on Stuff expressing concern that KiwiSaver members are at risk from having “all your money invested with one manager”. I have given this some thought and it is not something that particularly concerns me. The writer gives the analogy that it’s … Read more
The Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Act 2022 became law on 9 May 2022. Most of the changes to the Act came into force this month. Unit title owners own a defined part of a building, such as an apartment, and share common areas such as lifts, lobbies or driveways … Read more
This year should see a change in market dynamics as interest rate hikes slow and rates peak. Previous interest rate increases should start to gain traction in containing inflation. The hope is that the central bank will manage to achieve a soft landing for the economy. Even if we enter recession, markets tend to focus … Read more
This week NZ Funds published an article discussing Russia’s suspension of the Nord Stream 1 gas supply. Natural gas prices have reached extraordinary highs. As of 6 September, Dutch TTF Gas was up 365% on a year earlier, while UK Natural Gas was up 245%. Part of the solution has been increasing supplies of Liquefied … Read more
As expected, the RBNZ raised the Official Cash Rate (OCR) by 50 basis points to 3.0% this week. The Bank also raised the future track for the OCR, forecasting a peak of 4.1% by mid 2023, slightly higher than in the previous May Monetary Policy Statement. The Reserve Bank upped their forecasts for non-tradeable inflation … Read more
It has been a pretty good period for equities over the last six weeks or so, with the NZX up 9% since the start of July, matching similar stories in Australia and the US. Last week stocks picked-up on headline news that in the United States the consumer price index rose at a slower pace … Read more
Kiwibank has launched a scheme through which family and friends can team up to turn the dream of owning a home into reality. This allow friends or whanau to buy a home with friends or family: Combine savings with friends or family to achieve the deposit goal faster The ability to share ongoing property related … Read more
A tale of two million-dollar cities The Real Estate Institute of New Zealand (REINZ) recently released their property market report for the month of September 2021. The median house price in the Wellington region increased by 13.7% over the year to $845,000. This was slightly lower than the August median price and is part of … Read more
COVID-19 restrictions had little impact on property prices in September The Real Estate Institute of New Zealand (REINZ) recently released their property market report for the month of September 2021. The data continues to reflect a tight market in which demand is still strong, amidst a pick-up in activity in those areas where lockdown restrictions … Read more
The Responsible Investment Association Australasia released a new benchmark report on responsible investment in New Zealand this week, which was researched in collaboration with KPMG. The report is intended to provide an overview of the current state of the responsible investment industry in New Zealand. It shows that the market for responsible investments in Aotearoa … Read more