Financial support for new families

Whatever your financial situation happens to be, by the time your new family member arrives you can be sure there’ll be plenty of unexpected changes. But what do you do if you find your finances stretched too far? It might be time to look into some of the financial assistance options available, after all, there’s no point struggling along needlessly if financial support is available to help make ends meet. Here are some of the options that might be available to you depending on your circumstances. Continue reading…

Why property investors should keep an eye on transport developments

I finished last month’s housing blog by noting that if Auckland’s pace of house price rises was not sustainably slowing down then the Reserve Bank would probably take the 30% deposit requirement for investment purchases to 50% or 75%. This probably won’t be necessary because the pace of price inflation has slowed to 3.8% in the three months to October from 6.1% in the three months to July and 8% in the three months to August. Continue reading…

Retirement, increasing life expectancy, and the demand for investment property

It’s interesting to think about the impact of increasing life expectancy on demand for investment property. Basically, the longer people expect to live the greater their ability to recover from a financial shock and the longer the payoff from investing in an asset which produces both growth and capital gain. This aspect of increasing life expectancy is probably still in its infancy but will attract more discussion in coming years. Something which has been with us and having a strengthening impact for over a quarter of a century, however, is the message to get ready for retirement. Continue reading…

The Work Life Balancing Act – One Man’s Story

Spend a few minutes talking to Nic Paterson, co-founder and majority owner of the Number 8 Retail Group, and it doesn’t take long to figure out that life is good for the 45 year-old fitness fanatic and father of three from the North Shore. His enthusiasm for both work and family life is infectious — which is a good thing when you consider the business has grown from a single petrol station in 1993 to a company that employs over 600 people across 80 locations throughout New Zealand, Queensland and Hong Kong in 2015. He’s a busy guy. Continue reading…