The festive season is upon us and with the last-minute rush. During the break lenders will still be operating on other than statutory days, albeit with reduced staffing levels. From our view point we will still be operating; whilst I will avoid the office and the madness of the centre of Queenstown as much as possible, I will still be operating from home, will have cell phone and lap top so still very much on board and available.

Consensus amongst media and economic pundits seems to indicate not much happening with interest rates in foreseeable future. There will be various specials promoted short term but realistically fixed rates in the mid threes are still available.

A very short note for December, I trust you all have the opportunity to have a break, spend time with loved ones and come back recharged. Have a very Merry Christmas and New Year, be safe and remember we are available if needed.

Cheers

Charlie & Michelle

New Zealand house prices are moving north as the property market springs into action. The average property value in Auckland was up 1.3% over the last three months, with values in the regions moving ahead at an even faster rate. While Auckland is still more affordable than it was a year ago, national values are up on an annual basis and first home-owners are struggling to see a way forward.

Christmas is on the doorstep, which means tough decisions, budget allocations, and last-minute shopping. If you're like most people, then you probably approach gift giving with a combination of random luck and hours walking the streets. As it turns out, however, there is a clear and robust science behind gift giving, with people who receive gifts much more appreciative when decisions are based on thoughtful consideration and long-term value rather than immediate satisfaction and price.  

The RBNZ recently finalised its capital review in an effort to safeguard banks against economic shocks. Retail banks will be expected to hold $20 billion in capital at all times, which will have implications for small and big banks alike. While this move is a great insurance policy designed to reduce the potential of a public bailout, it could also lead to more expensive mortgages, lower deposit rates, and more stringent lending criteria.

Bushfires remain prevalent across Australia, with smoky conditions possibly becoming more normal as climate change takes hold. Rural communities in NSW have been inundated by smoke for weeks, with Sydney also choked by bad air and dangerous smoke particles. While everyone is aware of the destructive power of fire when it comes to harming property and affecting lives, the true dangers of bushfire smoke are only starting to be understood.

The modern world can be busy and stressful, with people often experiencing a lack of time and mental resources. It's easy to make bad decisions in such an environment, as our mental bandwidth narrows and we focus on the wrong tasks. While some people thrive under pressure, for others, busy routines and ongoing stress lead to procrastination and reduced productivity. As it turns out, achieving a healthy work-life balance is a great way to increase our attention span and upgrade our cognitive bandwidth.