Meet the Team: Sam Macdonald Sam Macdonald, brings a wealth of global experience to his new role as Adviser Support here at Rapson, where he is currently in training to become a Mortgage Adviser. Having recently relocated to Tauranga to be closer to family, Sam is enthusiastic about learning from Rapson’s team of seasoned experts.…
Changes to the CCCFA Regulations The Credit Contracts and Consumer Finance Act (CCCFA), often referred to as the Triple CFA, is designed to help consumers make informed decisions, understand their commitments, and manage debt effectively. The act applies to all types of credit contracts, for example: Personal loans and mortgages. Borrowing money on agreed overdraft.…
The New Zealand Property Market – Winter Edition The New Zealand property market is experiencing a cooling phase as economic challenges weigh on activity. House prices, which have been steady and stable for much of the year, are showing signs of softening in response to changing market conditions. According to the Real Estate Institute of…
Be Prepared for the Unexpected with Trauma Cover Life can be unpredictable, and it’s crucial to be prepared for the unexpected. While 98% of homeowners and 95% of car owners are insured, 4 out of 5 New Zealanders don’t insure themselves. Why wouldn’t you protect the most important asset that supports everything else – you…
Meet the Team: Diana McIntyre Diana McIntyre recently joined Rapson as our Insurance Adviser, bringing with her a wealth of experience and a deep commitment to helping individuals and businesses secure their futures. Specialising in Personal Insurance which includes Life Cover, Trauma Cover, Income Protection, Total Permanent Disability Cover and Health Protection as well as Business Insurance such as Key Person Protection,…
The First Home Grant Scheme is No More. What are the Other Options for First-Home Buyers? As of 22 May 2024, the government announced the termination of the First Home Grant scheme, which provided up to $5,000 for individuals to put towards the purchase of an existing or older home or up to $10,000 towards…
The Bright-line Test and What it Means for Home Buyers The Bright-line test determines if tax is payable on profits made from the sale of residential property in New Zealand. It is also known as New Zealand’s version of a capital gains tax. According to the Income Tax Act 2007, purchasing property in New…
Understanding Your Options: Different Types of Home Loans With so many different types of home loans available, it can be overwhelming to understand the differences and choose the right one for your needs. In this article, we will explore the various types of home loans, including, Revolving Credit, Offset, Table and Interest Only, to help…
Interest Deductibility – Assessing the Impacts on Property Investors The National-led coalition government’s recent changes to interest deductibility have sparked a range of reactions within New Zealand’s residential property investor community. While many investors welcome the fast-tracked rollback as a source of relief, recognising its significant financial advantages, others are more cautious, noting that the…
Loan Restructure for Clients Coming out of a 4.90% Interest Rate Are you feeling the pinch of rising interest rates on your mortgage? One of our recent clients certainly was. Coming off a fixed rate of 4.90%, they were concerned about the impact of increasing rates on their monthly payments. But with the help of…