Mortgages Auctioned Online
This Friday sees the introduction of the long-awaited cuts in personal and business tax rates (You can find out more about the new tax rates here) The big question is - what are you going to do with the extra cash each week?
Interesting article via BusinessWeek, explaining that although New Zealanders will hopefully soon see the benefits of changing financial service providers, most of us have until now stuck with the one bank:
“Some 87 per cent of Kiwis have two or more products with their bank - one of the highest penetration rates in the region.
Welcome to the latest installment of Mortgage Update on the Fundit blog, where I review the bank’s regular economic reports, and, along with my own views, presenting the relevant points in an easy-to-read format. I welcome your questions and comments – feel free to send them through to glenn@fundit.co.nz
Economic uncertainty, oh how I missed you. [...]