Our CEO, Andrew Chambers, was recently featured in [NZ Adviser](https://www.mpamag.com/nz/specialty/aggregators/slower-market-pushes-advisers-towards-diversification-efficiency-and-scale/586949), discussing how a quieter lending market is reshaping the mortgage advice industry

## Why Your Mortgage Adviser Relationship Shouldn't End at Settlement

For years, mortgage advice could be fairly transactional: get the loan approved, move on to the next client. 

Chambers pointed to a different pattern among the strongest adviser businesses right now—staying present with clients well after settlement, not disappearing once the deal closes.

<u>**What this means for you:**</u> 

The adviser who helped you buy could be the same person who helps you refix, restructure, or plan your next move years later—instead of starting from scratch with someone new each time.

## NZ Mortgage Advisers Are Offering More Holistic Financial Advice

Chambers also highlighted a shift toward ‘holistic’ advice, with more advisers moving into risk and investment advice alongside lending, rather than sticking to one narrow lane.

<u>**What this means for you:**</u> 

Instead of juggling separate relationships with a mortgage broker, an insurance adviser, and an investment adviser, more advisers can now look at your full financial picture in one place.

## How AI Is Changing Mortgage Advice in NZ

Chambers pointed out that when AI and better systems reduce the time advisers spend on admin and paperwork, the real opportunity is reinvesting that time into client relationships—not just processing more files faster.

**<u>What this means for you:**</u> 

Less time your adviser spends buried in forms is potentially more time actually spent understanding your situation and options.

### The takeaway
An industry becoming more relationship-focused, more diversified, and more efficient isn't just good news for advisers.

Advice that grows with you is what good mortgage advice should've always looked like.

  
  <a href="https://calendly.com/tella-adviser" 
     style="background-color: #ffffff; color: #10059f; padding: 14px 28px; border-radius: 50px; font-weight: bold; text-decoration: none; display: inline-block; font-size: 16px;">
    Get in touch with Tella mortgage adviser today
  </a>
</div>

<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

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Why NZ Mortgage Advisers Are Doing More Than Just Home Loans Tella CEO Andrew Chambers on why advisers are moving beyond one-off loans toward holistic advice .png

Why NZ Mortgage Advisers Are Doing More Than Just Home Loans

_Source : [RNZ](https://www.rnz.co.nz/news/personal-finance/1191533/investors-losing-faith-in-property)_

[The latest ASB investor confidence survey](chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.asb.co.nz/content/dam/asb/documents/reports/housing-confidence/asb-housing-confidence-sep-2026.pdf) has thrown up a pretty classic Kiwi property paradox: only 10% of people reckon rental property is the best place to park their money right now—near an all-time low, with only bank savings tracking worse.

## Why Investor Confidence Is Dropping

When you peel back the layers, this slump isn't actually about cold, hard financial reality. It’s mostly driven by a heavy dose of wait-and-see anxiety:

<div class="action-box">
  <ul class="action-list">
    <li>40% of respondents admitted they are "very concerned" about how political shifts might affect their investments.</li>
    <li>Another 46% reckon they are simply "concerned."</li>
    <li>Put together, that means a whopping 86% of investors are feeling jittery well before any major policy changes even land.</li>
  </ul>
</div>

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Most of that worry is about what might happen down the track rather than what's actually playing out on the ground today.

## Kiwi Mortgage Borrowing Dips to the Lowest Since February
 
It's showing up in bank ledgers, too.

[New mortgage borrowing dropped to $7.9 billion in July](https://www.interest.co.nz/property/139984/new-mortgage-borrowing-july-slipped-lowest-monthly-level-february-falling-13-or?fbclid=IwY2xjawULL6JwZG9mAWV4dG4DYWVtAjEwAHNydGMGYXBwX2lkEDIyMjAzOTE3ODgyMDA4OTIAAR5hiKMvpDTPIlj1BOapL1-qE924doSz1whksbZrAZ95L08_dTGquVEWLaK-gw_aem_TeZLLzzQy6ssPDVxHCRKXQ)— marking the lowest monthly total since February and tracking 13% down on the same time last year.

Investors are slamming the brakes and playing it safe.

For first-home buyers and anyone looking to make a move, that translates to a lot less frantic elbow-rubbing at open homes right now.

## Bright-line Test and Interest Deductibility

Here is the funny thing: while confidence took a dive, the actual rules swung the other way:

<div class="action-box">
  <ul class="action-list">
    <li>Interest deductibility is back to a full 100%.</li>
    <li>The bright-line test is sitting at a breezy 2 years instead of 10.</li>
    <li>Lending settings have settled down nicely.</li>
  </ul>
</div>

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Confidence went south, but the actual fundamentals got better. 

## What This Means If You're Planning to Purchase Next Property

If you're wondering how this affects your plans to [upsize](https://tella.co.nz/blog/nz-rising-build-costs-how-to-upgrade-without-blowing-budget), downsize, or buy your next home, the dip in investor competition is actually working in your favour. 

With fewer people fighting over listings, you have more breathing room.

Market noise can make property feel harder than it is. Before the spring rush kicks off, getting a quiet handle on your numbers is the smartest move you can make. 


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">Weighing up your next property investment decision?
</h3>
  
  <p style="color: #ffffff; margin-top: 0; margin-bottom: 15px; line-height: 1.5;">
    Let’s review your portfolio numbers so you're ready to move when the right opportunity pops up.
  </p>

  
  <a href="https://calendly.com/tella-adviser" 
     style="background-color: #ffffff; color: #10059f; padding: 14px 28px; border-radius: 50px; font-weight: bold; text-decoration: none; display: inline-block; font-size: 16px;">
    Get in touch with Tella mortgage adviser today
  </a>
</div>

<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

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NZ Property Investor Confidence Just Hit a Record Low.png

NZ Property Investor Confidence Just Hit a Record Low

Source : [RNZ](https://www.rnz.co.nz/news/personal-finance/1056086/housing-affordability-returns-to-average-following-pandemic-price-spike)

Housing affordability in New Zealand just did something it hasn't done in years: **it went back to normal.**

And after the volatility of the past decade, normal feels almost suspicious.

<div class="action-box">
  <h3 class="action-heading">If you are weighing up whether to buy a home this spring, this single shift changes three things at once:</h3>
  <ul class="action-checklist">
    <li> How big a mortgage you can realistically carry.</li>
    <li> How much buffer you have if interest rates wobble again.</li>
    <li> Whether waiting another year is likely to help your position or cost you more.</li>
  </ul>
</div>

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Worth taking five minutes to understand what has actually changed—and what hasn't.

## Why Are NZ House Prices Becoming More Accessible?

•**The income gap is closing:** [Buying an average home now takes 6.7x the average household income,](https://www.rnz.co.nz/news/personal-finance/1056086/housing-affordability-returns-to-average-following-pandemic-price-spike) down from a brutal 9.8x peak.

**•	Mortgage eases:** A new mortgage now claims around 40 cents of every household dollar, a welcome drop from the 54 cents buyers were swallowing in late 2021.

**•	Renters getting a break:** Rent taking the smallest bite out of weekly pay packets in close to a decade.  

**•	Regional reality:** [Wellington is currently the cheapest main centre relative to local incomes, and Auckland has improved.](https://www.mpamag.com/nz/specialty/residential/nz-housing-affordability-snaps-back-to-normal-after-years-of-pain/586623) Christchurch and Dunedin, meanwhile, have barely budged.

## But What Is Currently Squeezing Household Budgets?

**•	Job market jitters:** Unemployment just hit an 11-year high (5.6%), meaning hundreds of thousands of Kiwis are looking for more hours.

**•	Supermarket squeeze:** Everyday grocery staples like [mince, lamb, and bread](https://www.rnz.co.nz/news/personal-finance/1092924/which-foods-have-become-less-affordable-for-new-zealanders) have climbed roughly twice as fast as wages over the past decade.

Sure, the value-to-income numbers look healthier on paper. But if your personal income carries a bit of uncertainty, that is the metric that should drive your property decision—not the national average.


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">Working with a tighter budget at the moment?
</h3>
  
  <p style="color: #ffffff; margin-top: 0; margin-bottom: 15px; line-height: 1.5;">
    Our mortgage adviser can help you get a clear picture of what your household can comfortably afford to service.
  </p>

  
  <a href="https://calendly.com/tella-adviser" 
     style="background-color: #ffffff; color: #10059f; padding: 14px 28px; border-radius: 50px; font-weight: bold; text-decoration: none; display: inline-block; font-size: 16px;">
    Book a free chat to see what you can safely borrow
  </a>
</div>

## What Else Could Still Shake NZ Property Market?

**•	The November election:** Housing affordability and the cost of living are shaping up to be the deciding issues at the ballot box.

**•	OCR reviews:** With the Official Cash Rate sitting at 2.5%, economists remain split on whether rates will hold or climb in the upcoming 2 September decision.

**•	Global shocks:** Ongoing Middle East conflicts are pushing up wholesale funding costs, which is why some banks have been lifting home loan and term deposit rates.

## So…Is it actually a good time to buy?

Nobody can promise you the absolute bottom of the market.

What the numbers **do** show is that the extreme stretch of 2021 has genuinely eased. Deposits are more achievable. Mortgage serving costs are closer to long-term averages.

That's to say, it’s not a green light to buy now and ask questions later. 

It's simply a reminder that the maths is worth doing properly before you start browsing open homes.

## 👉🏻 Want to make sure your finances are inspection-ready?
Find out the [4 Ways to Spring Clean Your Credit Score Before House-Hunting.](https://tella.co.nz/blog/4-ways-to-spring-clean-your-credit-score-before-house-hunting)

<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

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NZ Housing Affordability.png

Is NZ Housing Affordability Back to Normal?

Source : [RNZ](https://www.rnz.co.nz/news/personal-finance/809664/more-kiwisavers-seek-hardship-withdrawals-to-make-ends-meet)

**It's not just you.**

A record number of Kiwis are dipping into their retirement savings just to keep the lights on.

New IRD figures show 58,460 KiwiSaver hardship withdrawals were made last year. That's about 10,000 more than the year before.

Financial mentors say one in eight people who walk into a budgeting service isn't there about debt. Tthey're there to work out how to apply for a hardship withdrawal.

## What Actually Qualifies for KiwiSaver Hardship Withdrawal?
If that sounds dramatic, it's because it is. KiwiSaver hardship withdrawals aren't easy to get.

<div class="action-box">
  <h3 class="action-heading">You generally need to prove you can't cover:</h3>
  <ul class="action-checklist">
    <li>Basic living costs</li>
    <li>Your mortgage</li>
    <li>Essential home modifications</li>
    <li>Medical treatment</li>
  </ul>
</div>

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Providers ask for bank statements, proof of income, and a full picture of your expenses. It's designed to be a last resort, not a top-up.

## Why Are Kiwis Withdrawing KiwiSaver Early?
Wages haven't kept pace with the cost of getting through the week. Add a stretch of high fuel prices earlier this year, and it's not hard to see why some households ran out of room to move.


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">Keen to get a clear picture of where you stand?
</h3>
  
  <p style="color: #ffffff; margin-top: 0; margin-bottom: 15px; line-height: 1.5;">
    We can help surface other options first before you touch your retirement savings.
  </p>

  
  <a href="https://calendly.com/tella-adviser" 
     style="background-color: #ffffff; color: #10059f; padding: 14px 28px; border-radius: 50px; font-weight: bold; text-decoration: none; display: inline-block; font-size: 16px;">
    Book a no-pressure chat with our financial adviser
  </a>
</div>

## Fuel Prices Are Finally Easing
Petrol's actually getting cheaper. [91-unleaded dropped under $3 a litre in July, down from over $3.11 the month before.](https://www.mpamag.com/nz/news/general/kiwi-spending-finally-picks-up-after-months-of-treading-water/585607) Diesel fell around 30 cents a litre too.

That's real money back in people's pockets—and it shows. 

Retail spending jumped 2% in July after basically flatlining for months. Grocery spending alone was up nearly 3%.

**Don't get too excited though!**

This isn't a full recovery, but it is breathing room. The first real bit Kiwis have had in a while.

## What This Means for You
If you're in survival mode right now, you're not alone.

A huge number of Kiwi households are in exactly the same position. Reaching for a hardship withdrawal isn't a failure. It's what the option exists for.

That said, it's still worth treating it as the last lever, not the first. 

### 👉🏻  Using KiwiSaver to save for a first home this spring?
Get buyer-ready with our useful checklist: [Get Ahead of Spring: Your Mortgage Pre-Approval Checklist](https://tella.co.nz/blog/4-alternatives-worth-trying-before-withdrawing-your-kiwi-saver-for-hardship)


<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

medium_Screenshot 2026-08-17 155216.png

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NZ KiwiSaver Withdrawal for Hardship.png

Kiwis Are Raiding Their KiwiSaver Just to Get By

_Source : [NZ Adviser](https://www.mpamag.com/nz/specialty/residential/nz-housing-stock-hits-12-year-july-high-as-asking-prices-slide/585331)_

There are more homes on the market right now than any July since 2014 and asking prices have dropped for five months in a row. 

If you've been waiting for a sign that conditions are shifting in buyers' favour, this is it.

## July Listings Reach 12-Year High for July

[At the end of July, there were 33,252 homes listed for sale on Realestate.co.nz,](https://www.mpamag.com/nz/specialty/residential/nz-housing-stock-hits-12-year-july-high-as-asking-prices-slide/585331) up 9.3% on the same time last year, and the highest total in 12 years.

Interestingly, this isn't because a flood of new sellers suddenly listed. New listings in July (7,698) were almost identical to last year (7,737). 

What's actually happened is that stock has been quietly building up over time, faster than it's been selling.

**Why this matters: more listings = more choice for buyers, and more competition among sellers to stand out.**

## NZ Asking Prices Fall for 5 Straight Months

Since February, average asking prices have fallen every single month, from $898,677 down to $828,345 in July. That's a drop of $70,322, or 7.8%, over five months.

It hasn't been a sudden crash, more of a steady slide. Which is actually useful. It means the trend is fairly predictable rather than jumpy, so it's easier to plan around.

**In plain terms:** if you're a seller pricing based on 2021 sale prices in your street, expect a longer wait. If you're a buyer, you've got more negotiating room than you've had in years.


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">Get your finances sorted before you list or start looking.</h3>
  
  <p style="color: #ffffff; margin-top: 0; margin-bottom: 15px; line-height: 1.5;">
    We'll walk you through your pre-approval and options for this spring's market.
  </p>
  
  
  <a href="https://calendly.com/tella-adviser" 
     style="background-color: #ffffff; color: #10059f; padding: 14px 28px; border-radius: 50px; font-weight: bold; text-decoration: none; display: inline-block; font-size: 16px;">
    Book a quick strategy chat with our home loan adviser
  </a>
</div>

## What This Means for NZ Buyers and Sellers This Spring
 
Spring is usually when new listings pick up, and this year that extra stock is landing on top of an already well-supplied market. That likely means buyer-friendly conditions stick around for a while yet.

If you're planning to sell your current home to [buy your next one,](https://tella.co.nz/blog/nz-rising-build-costs-how-to-upgrade-without-blowing-budget) this cuts both ways:

•	You may need to be realistic about what your current home will fetch
•	But you'll also be buying into a market where you have real leverage

**Note: Banks are still expecting the OCR to move further this year. That's a detail worth factoring into your timing if you're planning to buy soon.**

👉🏻  **Want to know exactly how to get move-ready? **
Read our step-by-step checklist: [4 Things to Do Before You List Your Home This Spring].

<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

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NZ Housing Listings Hit a 12-Year High as Asking Prices Keep Falling.png

NZ Housing Listings Hit a 12-Year High as Asking Prices Keep Falling

_(Source : NZ Adviser)_

If you've ever thought about topping up your deposit with a bit of help from [mum and dad](https://tella.co.nz/home-loans-mortgages/helping-the-kids-buy-a-home) for your next home, a rental, or that investment property you've been eyeing, a recent Court of Appeal decision just made it a lot more important to get that conversation in writing.

## The case

On 29 July 2026, NZ Adviser reported on a [Court of Appeal decision that put this exact question to the test.](https://www.mpamag.com/nz/specialty/residential/court-of-appeal-parental-help-defaults-to-gift-not-loan/584108)

The dispute centred on an Auckland investment property. Back in 2012, a woman in her early 30s bought the property with help from her parents, who contributed around 10% of the purchase price. She funded the rest herself through savings and a bank loan.

Years later, her parents asked her to transfer the property to them, arguing it had always been meant to be theirs. The woman refused and the parents took it to court, claiming she was holding the property on trust for them.

Both the High Court and the Court of Appeal ruled the money was a gift. The parents lost the case and were ordered to pay their daughter's costs.

## Is a gifted deposit legally a gift or a loan in NZ?

Under New Zealand law, there's a long-standing rule called the presumption of advancement. It means:

<div style="
  background: #fdf4f6;
  border: 1px solid #f4c2cf;
  border-radius: 12px;
  padding: 28px 32px;
  max-width: 700px;
  margin: 24px auto;
  font-family: Arial, sans-serif;
">
  <ul style="
    margin: 0;
    padding-left: 20px;
    color: #444;
    font-size: 15px;
    line-height: 1.6;
  ">
    <li style="margin-bottom: 12px;">Money given by a parent to their child is assumed to be a gift, not a loan.</li>
    <li style="margin-bottom: 12px;">This applies even if the child is a financially independent adult.</li>
    <li style="margin-bottom: 0;">The parent must prove otherwise if they later want the money back.</li>
  </ul>
</div>

This isn't a new law, but a recent Court of Appeal case just confirmed it still applies today, and it applies to [investment properties](https://tella.co.nz/home-loans-mortgages/property-investment) too, not just first homes.
 
## Why this matters if you're buying your next home or an investment property

If family money goes into your next purchase and nothing is written down, the default legal position is simple: it's yours, no strings attached, even if that's not what everyone quietly assumed at the time.

That might sound fine if you're the one receiving the money. But it gets messy fast if:

<div style="
  background: #fdf4f6;
  border: 1px solid #f4c2cf;
  border-radius: 12px;
  padding: 28px 32px;
  max-width: 700px;
  margin: 24px auto;
  font-family: Arial, sans-serif;
">
  <ul style="
    margin: 0;
    padding-left: 20px;
    color: #444;
    font-size: 15px;
    line-height: 1.6;
  ">
    <li style="margin-bottom: 14px;">Your parents actually expect to be repaid.</li>
    <li style="margin-bottom: 14px;">Your parents want an ongoing stake or interest in the property.</li>
    <li style="margin-bottom: 14px;">You're buying with a partner, and the money's source could matter later (e.g. separation).</li>
    <li style="margin-bottom: 0;">You're building an investment portfolio and want clean, defensible records for the bank, your accountant, or future refinancing.</li>
  </ul>
</div>

Good intentions don't hold up in court. Documentation does.

## What to do next

If you're planning your next move (whether that's upgrading, downsizing later on, or building an investment portfolio) and family money is part of the picture, this is the moment to have the conversation properly rather than assume everyone's on the same page.

We'll cover exactly [5 steps you should not skip when using family money for your next home or investment property](https://tella.co.nz/blog/using-family-money-for-your-next-home-or-investment-property-don-t-skip-these-5-steps), without turning a generous gesture into a family dispute.


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">Thinking about your next move?</h3>
  
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    Reach out to us. We're here to help you plan it right.
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  <a href="https://calendly.com/tella-adviser" 
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<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

small_Screenshot 2026-08-03 164850.png

thumbnail_Screenshot 2026-08-03 164850.png

Is a Gifted Deposit a Loan in NZ? Court Confirms No.png

Is a Gifted Deposit a Loan in NZ? Court Confirms No

Andrew shared his thoughts on a shift a lot of Kiwi families are quietly living through: adult kids sticking around at home much longer than previous generations did.

He spoke candidly as a parent, not just an industry expert. With two adult kids of his own, he's seen firsthand how different the path to a first home looks today compared to when he was their age, even for kids who've done everything 'right'. 

Andrew speaks from experience too—his own generation has felt squeezed from both sides, facing a very different economic reality than those before and after them.

**His broader thought?**

We might be heading toward a future where community living and multigenerational households become far more common. Not as a fallback, but as a genuine, lasting way families choose to support each other, in both directions, over time.

It's a good reminder that the housing conversation isn't just numbers and mortgage rates—it's about how Kiwi whānau are adapting, together.

<div style="position: relative; width: 100%; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; margin: 24px 0;">
  <iframe 
    src="https://www.youtube.com/embed/U5Hwh80Z4w4" 
    style="position: absolute; top: 0; left: 0; width: 100%; height: 100%; border: 0;"
    title="Multigenerational Living in NZ: Tella CEO Shares His Story"
    allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share"
    allowfullscreen>
  </iframe>
</div>

_**For the full story and Andrew's comments in context, check out the OneRoof feature linked [here](https://www.oneroof.co.nz/news/what-if-the-kids-never-move-out-experts-say-kiwi-families-should-prepare-for-housing-shake-up-49904).**_


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large_Screenshot 2026-07-27 150901.png

medium_Screenshot 2026-07-27 150901.png

small_Screenshot 2026-07-27 150901.png

thumbnail_Screenshot 2026-07-27 150901.png

OneRoof-Tella Multigenerational Living NZ.png

Multigenerational Living in NZ: Tella CEO Shares His Story

If you’ve been keeping an eye on New Zealand property news, you probably expected interest rates to stay steady for a bit longer.

But the Reserve Bank of New Zealand (RBNZ) recently made a move that caught a lot of homeowners off guard.

With the rate stepping up to 2.50%, you’re likely asking yourself: 
_"What does this mean for my monthly home loan repayments, and what should I do next?"_

Let’s break it down in plain English—no complicated financial jargon—and look at how you can keep your mortgage under control.

## What Actually Happened with the OCR Hike?

In a move earlier than most bank economists anticipated, the RBNZ officially [lifted the Official Cash Rate (OCR) by 25 basis points to 2.50%.](https://www.mpamag.com/nz/news/general/ocr-lifts-to-25-as-rbnz-signals-more-hikes-ahead/581612)

**Why does this matter?**

The OCR acts as the foundation for bank interest rates across the country. And this might not be the end of the climb.

Top economists now warn that [two more OCR hikes are likely this year,](https://www.mpamag.com/nz/specialty/residential/two-more-ocr-hikes-likely-this-year-cotality-economist-warns/582081) which could take the rate up toward ~3.00% by the time we hit the end of the year.

## Fixed vs. Floating Mortgages: Who Is Affected Most?

Not everyone will see their mortgage payments change right away. 

Here is how it breaks down depending on your current setup:

### •	If you’re on a Fixed Rate:
You don't need to panic about immediate changes to your budget. 

As highlighted by the Real Estate Institute of New Zealand (REINZ), this [OCR rise brings clarity, not shock.](https://www.mpamag.com/nz/specialty/residential/reinz-ocr-rise-brings-clarity-not-shock/581787) That’s because retail banks had already bumped up fixed rates well before the RBNZ made it official.

### •	If you’re on a Floating (Variable) Rate: 
Floating rate holders are feeling the impact right away. Lenders moved fast following the announcement—[BNZ and ASB lifted variable rates,](https://www.mpamag.com/nz/specialty/residential/bnz-and-asb-lift-variable-rates-as-ocr-bites/581818) and shortly after, [ANZ joined the big four in floating rate hikes.](https://www.mpamag.com/nz/specialty/residential/anz-joins-big-four-in-floating-rate-hike/582261)

### •	If your Fixed Term is Ending Soon:
If your refix date is coming up in the next 3 to 6 months, you’ll likely be rolling off a lower rate onto today's market rates.

## 3 Smart Steps to Take Back Control in a Rising Market
Even top financial experts disagree on exactly how high rates will go or how long this tightening phase will last. 

Trying to second-guess the exact best month to fix your loan can quickly get overwhelming.

Instead of waiting for your bank's rate renewal letter to land in your inbox, here are three practical steps you can take today:

### 1.	Test Your Budget
Run your numbers with [our calculator tools](https://tella.co.nz/home-loans-mortgages/calculators) using slightly higher interest rate assumptions so you know your household’s safety margin. 

_(Keep in mind that while a calculator is a great starting tool, it only gives you raw numbers. An adviser can help turn those numbers into an actual repayment strategy.)_

### 2.	Consider Splitting Your Mortgage
You don't have to put all your eggs in one basket. Splitting your home loan across two different fixed terms (like 1-year and 2-year terms) gives you flexibility and spreads out your risk.

### 3.	Talk to an Adviser Early
Get in touch with [Tella mortgage adviser](https://tella.co.nz/) 60 to 90 days before your current rate expires. This gives you plenty of time to explore rate options across different banks.


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">Refix date coming up?</h3>
  
  <p style="color: #ffffff; margin-top: 0; margin-bottom: 15px; line-height: 1.5;">
    Don't wait until the last minute. Let's build a plan with our mortgage expert that keeps your household cashflow secure.
  </p>
  
  
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     style="background-color: #ffffff; color: #10059f; padding: 14px 28px; border-radius: 50px; font-weight: bold; text-decoration: none; display: inline-block; font-size: 16px;">
    Book a free refix strategy chat with Tella today
  </a>
</div>

## Key Takeaway
You can't control what the RBNZ does next, but you can control how your mortgage is structured.
 

<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only and does not constitute financial or professional advice. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

small_13. OCR Hike July 8 .png

thumbnail_13. OCR Hike July 8 .png

RBNZ OCR Hike 2026.png

OCR Hike 2.5%: 3 Smart Steps to Structure Your Mortgage Refix Right Now

Are you one of the thousands of Kiwi homeowners with a fixed mortgage coming up for renewal?

A sudden clash of pricing strategies among the major retail banks has just handed you a massive win.

Instead of just clicking 'RENEW'" on your bank’s app, understanding these quick market shifts ahead of the upcoming OCR announcement on July 8, 2026 can save you thousands. 

## 1. Fixed Mortgage Rates NZ: A Split Market Emerges

Following recent drops in wholesale money markets, the [big banks](https://www.mpamag.com/nz/specialty/residential/anz-and-bnz-move-nz-mortgage-rates-in-opposite-directions/580065) are moving in entirely different directions. 

Depending on whether you want a short-term lock-in or long-term safety, the best deal depends entirely on who you ask:

### •	ANZ Drops Shorter Rates
ANZ led the charge by cutting its popular 1-year rate down to 4.65%, while keeping its 2 and 3-year options steady at 5.29% and 5.49%.

### •	Westpac Cuts Long-Term Rates
Westpac aggressively slashed its 3, 4, and 5-year terms by up to 0.30%. This brings their long-term specials down to match the rest of the market (starting at a sharp 5.29% for a 3-year fix).

### •	BNZ Takes a Split Approach
Bucking the trend, BNZ actually increased its shorter 1-year rate slightly to 4.79%. However, they aggressively targeted long-term borrowers by slashing their 3-to-5-year rates, matching Westpac’s highly competitive 3-year rate at 5.29%.

### •	Kiwibank Reshuffles the Deck
Going their own way, [Kiwibank](https://www.interest.co.nz/personal-finance/139181/kiwibank-shifts-its-rate-card-mostly-lower-its-two-year-fixed-home-loan) bumped up its 1-year rate to 4.75% while aggressively cutting its 4 and 5-year terms by 0.30%. While they aren't the lowest on the market, it shows they are heavily favoring borrowers who want to lock in for the long haul.

<table style="width: 100%; border-collapse: separate; border-spacing: 8px; font-family: sans-serif; background-color: #fdf2f5; color: #000033;">
  <thead>
    <tr>
      <th style="background-color: #000099; color: #ffffff; padding: 15px; border-radius: 4px; text-align: left;">Bank</th>
      <th style="background-color: #000099; color: #ffffff; padding: 15px; border-radius: 4px; text-align: left;">1-Year Fixed</th>
      <th style="background-color: #000099; color: #ffffff; padding: 15px; border-radius: 4px; text-align: left;">3-Year Fixed</th>
      <th style="background-color: #000099; color: #ffffff; padding: 15px; border-radius: 4px; text-align: left;">4-Year Fixed</th>
      <th style="background-color: #000099; color: #ffffff; padding: 15px; border-radius: 4px; text-align: left;">5-Year Fixed</th>
    </tr>
  </thead>
  <tbody>
    <tr>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px; font-weight: bold;">ANZ</td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px;">🔻4.65%</td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px;">5.49%</td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px;">6.39%</td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px;">6.49%</td>
    </tr>
    <tr>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px; font-weight: bold;">Westpac</td>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px;">4.79%</td>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px;">🔻 5.29%</td>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px;">🔻 5.39%</td>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px;">🔻 5.49%</td>
    </tr>
    <tr>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px; font-weight: bold;">BNZ</td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px;">🔺 4.79%</td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px;">🔻 5.29%</td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px;">🔻 5.39%</td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px;">🔻 5.49%</td>
    </tr>
    <tr>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px; font-weight: bold;">Kiwibank</td>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px;">🔺 4.75%</td>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px;">🔻 5.39%</td>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px;">🔻 5.59%</td>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px;">🔻 5.69%</td>
    </tr>
  </tbody>
</table>


**Want to see how the rest of the market stacks up?**
To keep up with current changes in NZ mortgage rates, use our [rates comparison table](https://tella.co.nz/home-loans-mortgages/rates). It tracks daily updates across all major and non-bank lenders so you can spot the best windows to lock in your next term.


## 2. Why Banks Are Cutting Rates

To understand why banks are suddenly cutting rates, we have to look at the primary driver of all interest rates: inflation.

**•	Market Cool-Down:** Global oil and energy shocks from earlier this year have quickly faded. With fuel prices dropping back down, wholesale money market costs have tumbled.

**•	OCR Outlook:** Thanks to this drop, economists expect the Reserve Bank to comfortably hold the [OCR](https://www.interest.co.nz/property/139144/anz-economists-still-expect-reserve-bank-raise-ocr-three-times-year-spite-recent) steady at 2.25% on July 8—putting any rate-hike threats firmly on ice for winter.

## 3. How to Structure Your Mortgage Refix This Winter

Because the banks are using different pricing strategies, a one-size-fits-all renewal strategy won't work:

### •	Want Shorter Flexibility?
If you think rates will fall further next year and want to keep your options open, ANZ and ASB lead the 1-year space at 4.65%.

### •	Want Long-Term Certainty?
If you want to lock in a budget safety net, the 3-year space is the cheapest it has been in months. Westpac and BNZ's recent cuts let you lock in 3 years at a sharp 5.29%.

### •	Want to Hedge Your Bets?
Split your loan. Putting 50% on a sharp 1-year rate and 50% on a slashed 3-year rate gives you a mix of immediate flexibility and long-term stability.


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">Ready to use this bank rate war to lower your repayments?</h3>
  
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    As mortgage advisers, we bypass the standard apps.
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    We negotiate directly with lenders daily and can actively push for unadvertised rate discounts, fee waivers, or cash incentives to ensure your bank puts its best foot forward.
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  <p style="color: #ffffff; margin-top: 0; margin-bottom: 25px; line-height: 1.5;">
    Let’s tailor your refix strategy before your current rate rolls over.
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<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only and does not constitute financial or professional advice. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

small_10. June'26 Mortgage Trends.png

thumbnail_10. June'26 Mortgage Trends.png

10. June'26 Mortgage Trends.png

Rolling Off a Fixed Term? Major Banks Are Slashing Rates

The long-standing debate at town hall is over. For now.

Auckland Council’s Policy and Planning Committee has officially voted to move forward with [Scenario A and Scenario B](https://ourauckland.aucklandcouncil.govt.nz/news/2026/06/two-scenarios-being-considered-for-potential-pc120-changes/) for Plan Change 120 (PC120). 

For everyday Aucklanders, this is the biggest planning update of the year. It completely scraps the old, controversial idea of ‘blanket upzoning’ (which would have allowed townhouses on almost any suburban street).

Auckland Mayor Wayne Brown summarized the goal in one simple sentence:

_"Downzone flood-prone land and build up in areas that make sense."_

If you are currently trying to buy a home, looking to protect your family's equity, or managing a property portfolio, understanding these two potential directions is essential.

Curious about the other 3 options the Council debated before landing on these two scenarios? Find out [here.](https://www.mpamag.com/nz/news/general/aucklands-density-ambitions-are-being-wound-back-and-house-prices-could-follow/577896)

## Auckland Housing Density: Comparing Scenario A and Scenario B

Both scenarios share one major commonality: stronger hazard protections. 

Following severe weather events, the Council is committed to downzoning flood-plains and tightening consent rules to ensure future homes are safer and more resilient.

Outside of those hazard protections, here is how the two scenarios differ:

<table style="width: 100%; border-collapse: separate; border-spacing: 8px; font-family: sans-serif; background-color: #fdf2f5; color: #000033;">
  <thead>
    <tr>
      <th style="background-color: #000099; color: #ffffff; padding: 15px; border-radius: 4px; text-align: left; width: 25%;">Proposed Scenario</th>
      <th style="background-color: #000099; color: #ffffff; padding: 15px; border-radius: 4px; text-align: left; width: 40%;">The Focus</th>
      <th style="background-color: #000099; color: #ffffff; padding: 15px; border-radius: 4px; text-align: left; width: 35%;">The Outcome</th>
    </tr>
  </thead>
  <tbody>
    
    <tr>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px; font-weight: bold; vertical-align: top;">
        Scenario A:<br>The ‘Essentials Only’ Approach
        <div style="font-weight: normal; font-size: 13px; color: #555555; margin-top: 8px; line-height: 1.4;">
          This scenario represents the bare legal minimum.
        </div>
      </td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px; vertical-align: top; line-height: 1.5;">
        Higher density is limited strictly to mandatory areas around the city centre, metro centres, rapid transit stops, and five Western Line train stations.
      </td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px; font-style: italic; vertical-align: top; line-height: 1.5;">
        Outside of these immediate hubs, most suburban areas would revert to the current Auckland Unitary Plan rules. This is the most conservative path for growth.
      </td>
    </tr>
    
    <tr>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px; font-weight: bold; vertical-align: top;">
        Scenario B:<br>The ‘Connected Suburbs’ Approach
        <div style="font-weight: normal; font-size: 13px; color: #555555; margin-top: 8px; line-height: 1.4;">
          Retains Scenario A requirements but adds 'buffer' capacity to ensure the city hits its housing targets.
        </div>
      </td>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px; vertical-align: top; line-height: 1.5;">
        Enables additional housing opportunities near local centres and along frequent bus routes, where infrastructure already exists to handle the load.
      </td>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px; font-style: italic; vertical-align: top; line-height: 1.5;">
        This allows for more housing in areas already well-serviced by public transport, aiming for a more balanced approach to city density.
      </td>
    </tr>
  </tbody>
</table>


## What This Means for Your Property Strategy

While the final direction is still being decided, the "playing field" has narrowed. Here is how these changes could impact your next move:

### For Homeowners
Regardless of which scenario wins out, the risk of uncoordinated townhouse development on your quiet suburban street is significantly lower under both paths.

### For First-Home Buyers
With the Council building fewer homes overall, regional [house prices](https://tella.co.nz/blog/nz-housing-trend-may-2026-flat-market-strategy) are expected to sit 2% to 4% higher over the long term. Buying a standalone house will remain competitive. To protect your future resale value, prioritize properties located near reliable transport lines.

### For Property Investors
Land sitting in flood plains or away from key transport hubs has just lost its townhouse development potential overnight. To maximize your capital growth, focus your search on high-density zones within 10km of the city centre.

## Plan Change 120 Timeline: What Happens Next?

This vote is a significant step, but it’s not the final word. 
The process is now moving into a critical consultation and refinement phase.


<div style="font-family: Arial, sans-serif; background-color: #fdf2f5; padding: 30px; border-radius: 8px; color: #000033; max-width: 800px; margin: 0 auto 40px auto; border: 1px solid #e1b3c4;">
  
  <h3 style="margin-top: 0; color: #000099; font-size: 22px; border-bottom: 2px solid #000099; padding-bottom: 10px; margin-bottom: 25px;">
    Plan Change 120 Timeline: What Happens Next?
  </h3>

  
  <div style="display: flex; margin-bottom: 20px; position: relative;">
    <div style="flex: 0 0 130px; font-weight: bold; color: #000099; font-size: 15px; padding-top: 2px;">
      June 2026
    </div>
    <div style="flex: 1; padding-left: 20px; border-left: 3px solid #000099; position: relative; padding-bottom: 10px;">
      
      <div style="position: absolute; left: -8px; top: 5px; width: 13px; height: 13px; background-color: #000099; border-radius: 50%;"></div>
      <strong style="color: #000033; display: block; margin-bottom: 4px;">Local & Iwi Feedback</strong>
      <span style="color: #444444; line-height: 1.4; font-size: 14px;">Local boards and iwi authorities provide detailed feedback on the two scenarios (A and B).</span>
    </div>
  </div>

  
  <div style="display: flex; margin-bottom: 20px; position: relative;">
    <div style="flex: 0 0 130px; font-weight: bold; color: #000099; font-size: 15px; padding-top: 2px;">
      July 2026
    </div>
    <div style="flex: 1; padding-left: 20px; border-left: 3px solid #000099; position: relative; padding-bottom: 10px;">
      
      <div style="position: absolute; left: -8px; top: 5px; width: 13px; height: 13px; background-color: #000099; border-radius: 50%;"></div>
      <strong style="color: #000033; display: block; margin-bottom: 4px;">Binding Committee Decision</strong>
      <span style="color: #444444; line-height: 1.4; font-size: 14px;">The Policy, Planning and Development Committee makes a binding decision on whether to formally amend the PC120 proposal.</span>
    </div>
  </div>

  
  <div style="display: flex; margin-bottom: 20px; position: relative;">
    <div style="flex: 0 0 130px; font-weight: bold; color: #000099; font-size: 15px; padding-top: 2px;">
      August 2026 <span style="font-size: 11px; font-weight: normal; color: #666666; display: block;">(Approx)</span>
    </div>
    <div style="flex: 1; padding-left: 20px; border-left: 3px solid #000099; position: relative; padding-bottom: 10px;">
      
      <div style="position: absolute; left: -8px; top: 5px; width: 13px; height: 13px; background-color: #000099; border-radius: 50%;"></div>
      <strong style="color: #000033; display: block; margin-bottom: 4px;">Public Submissions Open</strong>
      <span style="color: #444444; line-height: 1.4; font-size: 14px;">A second round of public submissions opens. This is open to everyone, even if you have already submitted. All original submissions remain completely valid.</span>
    </div>
  </div>

  
  <div style="display: flex; margin-bottom: 20px; position: relative;">
    <div style="flex: 0 0 130px; font-weight: bold; color: #000099; font-size: 15px; padding-top: 2px;">
      Late 2026 –<br>Mid-2027
    </div>
    <div style="flex: 1; padding-left: 20px; border-left: 3px solid #000099; position: relative; padding-bottom: 10px;">
      
      <div style="position: absolute; left: -8px; top: 5px; width: 13px; height: 13px; background-color: #000099; border-radius: 50%;"></div>
      <strong style="color: #000033; display: block; margin-bottom: 4px;">Independent Hearings Panel</strong>
      <span style="color: #444444; line-height: 1.4; font-size: 14px;">An Independent Hearings Panel will review all public submissions and hold formal public hearings before making final structural recommendations.</span>
    </div>
  </div>

  
  <div style="display: flex; position: relative;">
    <div style="flex: 0 0 130px; font-weight: bold; color: #000099; font-size: 15px; padding-top: 2px;">
      Mid-2027
    </div>
    <div style="flex: 1; padding-left: 20px; border-left: 3px solid transparent; position: relative; padding-bottom: 0;">
      
      <div style="position: absolute; left: -8px; top: 5px; width: 13px; height: 13px; background-color: #000099; border-radius: 50%;"></div>
      <strong style="color: #000033; display: block; margin-bottom: 4px;">Final Council Ruling</strong>
      <span style="color: #444444; line-height: 1.4; font-size: 14px;">The Council makes its final, binding decision on the future of Auckland’s zoning and density rules.</span>
    </div>
  </div>

</div>

If you are looking to buy or develop Auckland property this year, monitoring these dates is essential. Checking the transport and hazard status of your target suburb is no longer optional—it is your first line of defense.


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">Questions about your property future?</h3>
  
  <p style="color: #ffffff; margin-bottom: 25px; line-height: 1.5;">
    Keeping up with these zoning changes is a full-time job and we’re here to make sure you stay ahead of it. 
   
   Whether you’re a first-home buyer or a seasoned investor, the team at Tella is ready to help you navigate your financing options in the face of these new zoning proposals. 
   
   Connect with us and let’s discuss what these changes mean for you.
  </p>
  
  
  <a href="https://calendly.com/tella-adviser" 
     style="background-color: #ffffff; color: #10059f; padding: 14px 28px; border-radius: 50px; font-weight: bold; text-decoration: none; display: inline-block; font-size: 16px;">
    Book a fee-free chat with our mortgage expert today
  </a>
</div>

<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only and does not constitute financial or professional advice. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

small_9. PC120 (A vs B).png

thumbnail_9. PC120 (A vs B).png

Auckland Council PC120.png

How Auckland’s PC120 Zoning Changes Affect Your Property Future

The KiwiSaver government contribution deadline rolls around on June 30 every single year, but right now, the numbers coming out of the major providers are looking pretty alarming.

According to [fresh data](https://www.stuff.co.nz/money/360987631/almost-all-newly-eligible-kiwisaver-members-are-set-miss-government-contribution), roughly half of all eligible Kiwis are on track to completely miss out on their free Government top-up this month.

Look, there’s no denying that household budgets are incredibly tight right now. Every dollar matters. But leaving this specific money on the table is an incredibly expensive mistake. 

Let’s look at what's actually driving this trend, why it’s still worth your time, and how a quick five-minute check can score you some easy cash.

<div style="border: 2px solid black; padding: 25px; margin-bottom: 40px; width: fit-content; font-family: Arial, sans-serif;">
  <h2 style="margin-top: 0; font-size: 24px;">Data Snapshot: KiwiSaver Since 2024</h2>
  
  <p style="margin-bottom: 20px; line-height: 1.5;">
    New data from Westpac drops a massive reality check on our current savings habits. The percentage of eligible Kiwis tracking short of the full Government top-up is climbing fast:
  </p>

  <ul style="margin: 0; padding-left: 20px; line-height: 2;">
    <li><strong>2024:</strong> 48% missed it</li>
    <li><strong>2025:</strong> 49% missed it</li>
    <li><strong>2026 (Right Now):</strong> 53% are on track to miss it</li>
  </ul>
</div>


## Why Are Kiwis Missing Out on the KiwiSaver Government Contribution?

If you feel like you're struggling to keep up with your contributions lately, you are definitely not alone. Over half of the country is in the exact same boat with just weeks left to go. 

Industry experts point to a few big reasons for this shift:

**•	The "Is it worth it?" factor:** Ever since the top government match dropped to [$260.72 last year](https://www.interest.co.nz/personal-finance/133400/kiwisaver-employer-and-employee-default-contributions-rise-4-3-while), a lot of self-employed and casual savers have just tuned out. Because the free cash injection feels smaller, people are choosing to spend or save their money elsewhere.

**•	The new $180k income cap:** This is the very [first year where if you earn over $180,000 in taxable income](https://www.booster.co.nz/blog/kiwisaver/budget-kiwisaver-changes-what-do-they-mean-for-me), you are completely locked out of the subsidy, instantly changes who is putting money in.

**•	The groups falling behind**: The data points to part-time workers, people taking career breaks, and 16 or 17-year-olds who are new to KiwiSaver. These are the main groups driving the trend and falling short of the full match.


## Calculating Your KiwiSaver Government Contribution Match

Missing this top-up isn't just about losing a quick cash injection today; it actively drags down the compounding growth of your future first-home deposit or retirement nest egg. 

Across the country, banking data shows that the total pool of unclaimed matching funds easily reaches into the hundreds of millions of dollars every single cycle.

The rule is incredibly simple: according to official [Inland Revenue KiwiSaver guidelines](https://www.ird.govt.nz/kiwisaver/kiwisaver-individuals/growing-my-kiwisaver-account/getting-the-kiwisaver-government-contribution), the Government matches 25 cents for every single dollar you personally put in, up to a specific limit.

<table style="width: 100%; border-collapse: separate; border-spacing: 8px; font-family: sans-serif; background-color: #fdf2f5; color: #000033;">
  <thead>
    <tr>
      <th style="background-color: #000099; color: #ffffff; padding: 15px; border-radius: 4px; text-align: left;">KiwiSaver Metric</th>
      <th style="background-color: #000099; color: #ffffff; padding: 15px; border-radius: 4px; text-align: left;">The Target Figures</th>
    </tr>
  </thead>
  <tbody>
    <tr>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px; font-weight: bold;">Maximum free cash from the Government</td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px;">$260.72</td>
    </tr>
    <tr>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px; font-weight: bold;">What you need to put in yourself</td>
      <td style="background-color: #ffffff; padding: 20px; border: 1px solid #ddd; border-radius: 4px;">$1,042.86 (roughly $20 a week)</td>
    </tr>
    <tr>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px; font-weight: bold;">The instant return on investment</td>
      <td style="background-color: #eee6f3; padding: 20px; border-radius: 4px;">A guaranteed 25% ROI</td>
    </tr>
  </tbody>
</table>


_<u>**A quick heads-up on what counts:**</u>
Only your personal salary deductions or voluntary lump-sum bank transfers count toward that $1,042.86 goal. Employer matching contributions do not count toward your personal total._

If you are grinding to save a **first-home deposit**, walking away from a risk-free 25% return is a massive missed opportunity. 

If you're on **minimum wage and working full-time**, your automatic payroll deductions probably have you covered. 

But if you’re **self-employed, work part-time, or recently took a savings suspension**, you need to look at your numbers manually.


## Action Plan: How To Check KiwiSaver Balance and Maximise Before June 30

If you want to make sure your money isn't part of the millions left unclaimed, here is exactly how to execute a voluntary KiwiSaver top up this week.

### 1.	Check your total personal contributions
Takes about 2 minutes. Pop open your online banking app, look at your KiwiSaver account, and see if they have a _"Government Contribution Tracker"._ If they don't, just log into your myIR account on the Inland Revenue website to see your total personal contributions from July 1 last year up until today.

### 2.	Calculate your KiwiSaver shortfall
Take your total personal contribution and subtract it from $1,042.86. Whatever is left over is the exact lump sum you need to deposit to unlock the full $260.72. Even if you can't pay the whole difference, any small amount you transfer still gets that 25% match.

### 3.	Make a voluntary KiwiSaver top up
Make a manual internet banking transfer straight to your KiwiSaver provider. Do not wait until June 30. The money actually has to clear and be fully processed by your provider by the deadline. Try to get this done 3 to 5 business days early just to be safe from bank processing delays.


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">Need a hand getting your KiwiSaver sorted?</h3>
  
  <p style="color: #ffffff; margin-bottom: 25px; line-height: 1.5;">
    Don't risk missing out on your free government top-up due to end-of-month bank processing delays. 
    Let our qualified advisers do a quick check of your contributions to maximize your matching funds before June 24th.
  </p>
  
  
  <a href="https://calendly.com/jose-tella/chat-with-a-homeloan-kiwisaver-expert" 
     style="background-color: #ffffff; color: #10059f; padding: 14px 28px; border-radius: 50px; font-weight: bold; text-decoration: none; display: inline-block; font-size: 16px;">
    Book a free chat with our financial expert today
  </a>
</div>

## The Bottom Line
Living costs are high, and the financial pressure is real. 

But a guaranteed 25% boost to your long-term wealth is quite literally the easiest financial win you will get all year. 

Take five minutes this week to log in, audit your account, and make sure you claim every dollar you're owed.


<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only and does not constitute financial or professional advice. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

small_7. Kiwisaver'26 - June 30.png

thumbnail_7. Kiwisaver'26 - June 30.png

KiwiSaver Contribution June 30

small_KiwiSaver Contribution June 30

thumbnail_KiwiSaver Contribution June 30

Why Millions in Free KiwiSaver Cash is Going Unclaimed This Month

The Reserve Bank of New Zealand (RBNZ) recently [announced](https://www.rbnz.govt.nz/monetary-policy/monetary-policy-statement/monetary-policy-statement-filtered-listing-page/2026/may-270/monetary-policy-statement-may-2026?utm_medium=social&utm_campaign=mps-may-2026&utm_source=linkedin&utm_content=&utm_term=) its decision to hold the Official Cash Rate (OCR) at 2.25%.  

While this headline might feel like a moment of stability, for those navigating the mortgage and lending landscape, the rate itself is only half the story. 

Beneath the surface, we are seeing a significant divergence between official policy and the wholesale market—a gap that is already beginning to reshape the cost of borrowing for New Zealanders in the months ahead.

## The Hawkish Hold: Why Consensus Has Cracked
The RBNZ’s decision wasn’t the unified front we’ve seen in previous meetings. The [May 2026 Monetary Policy Statement](https://www.linkedin.com/feed/update/urn:li:activity:7465220544637104129/) revealed a 3–3 deadlock within the committee, resolved only by the Governor’s casting vote—a rare occurrence that highlights deep internal debate over the urgency of the next move. 

This internal tension is a critical signal for borrowers and investors. While the committee opted for caution to avoid unnecessary economic volatility, they were explicit in their outlook: the OCR will likely need to increase sooner and by more than they previously expected.

### Key data points from the Statement:
- **Inflation Outlook:** The RBNZ now expects inflation to peak at 4.3% in the September 2026 quarter, driven largely by energy costs from the Middle East conflict. This is well above the RBNZ’s 1–3% target band. 

- **The Revised OCR Track:** The Bank has shifted its projections sharply upward. The projected OCR for September 2026 has been lifted to 2.51% (up from 2.28% in February), with a terminal rate now modeled at 3.28% by June 2029. 

- **Committee Alignment:** Despite a 3–3 split on today's move, the committee is united on the path ahead: further OCR increases are essential to prevent temporary inflation from turning into a permanent wage-price spiral.

## The Swap Rate Divergence: The Market is Already Moving
If the OCR is the ‘current’ price of money, swap rates are the market's forecast of where that price is headed. 

We are witnessing a clear trend: even as the OCR remains steady, wholesale swap rates are climbing. Because the swap market is forward-looking, lenders are already pricing in the RBNZ’s signals that hikes are on the horizon. 

### Why this matters for you as borrowers:
- **The ‘Lagging Effect’:** Retail mortgage rates often edge upward even in months where the RBNZ makes no change to the OCR. 
- **Real-Time Adjustment**: Banks aren't waiting for official policy to move; they are adjusting in real-time to the shifting cost of wholesale funding. 


## What This Means for Your Strategy
In a market where the cost of locking in long-term stability is rising, with some 5-year fixed rates already pushing toward the 5.7%–5.9% range, how should you approach your debt? 

### 1. The Price of Certainty
If your priority is peace of mind, locking in a rate now provides a hedge against the upward trajectory predicted for the rest of 2026. 

Yes, you pay a premium for that certainty, but in a volatile environment, that 'insurance' has tangible value. 

### 2. The 'Wait and See' Risk
Many borrowers are tempted to hold off in hopes of a better deal. However, when the central bank is signaling that rates will rise sooner and more than expected, waiting may increase your long-term interest costs. 

Test your budget with our [Mortgage Affordability Calculator](https://tella.co.nz/home-loans-mortgages/calculators/affordability) to see how much room you have for future rate increases. 

### 3. Review, Don’t React
The best strategy is to conduct a rate stress test. Look at your current debt structure against the RBNZ’s projected path. If a rate environment of 3%+ would significantly impact your lifestyle or business cash flow, it is time to have a proactive conversation about your refixing options.

Check your monthly repayments [here](https://tella.co.nz/home-loans-mortgages/calculators/repayment) to see how various fixed-term scenarios fit into your cash flow. 


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">    Are you currently weighing the benefits of locking in a longer term, or are you comfortable navigating the short-term market?</h3>
  
  <p style="color: #ffffff; margin-bottom: 25px; line-height: 1.5;">
    If you'd like a personalized look at how these rate movements impact your specific mortgage structure, get in touch with our mortgage experts today.
  </p>
  
  
  <a href="https://calendly.com/tella-adviser" 
     style="background-color: #ffffff; color: #10059f; padding: 14px 28px; border-radius: 50px; font-weight: bold; text-decoration: none; display: inline-block; font-size: 16px;">
    Book a free chat with our mortgage expert
  </a>
</div>


## The Bottom Line
The RBNZ is walking a fine line: they need to curb inflation, spurred by Middle East energy costs, without stalling our economic recovery. 

For homeowners and investors, the lesson is simple: 
Don’t let a steady OCR headline give you a false sense of security. The market is already  pricing in the next phase of the cycle.  

Rethinking your debt strategy isn't about panicking. It's about being prepared for higher rates 
long before they actually arrive. 

<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only and does not constitute financial or professional advice. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

small_4. OCR Hold May'26 vs Swap Rates.png

thumbnail_4. OCR Hold May'26 vs Swap Rates.png

RBNZ OCR Hold May 2026 & Rising Swap Rates.png

OCR Hold vs. Rising Swap Rates: Rethinking Your Debt  Strategy 

## Market Snapshot: The Q1 Numbers 
<div style="border: 2px solid black; padding: 20px; margin-bottom: 40px; width: fit-content;">
  <ul style="margin: 0; padding-left: 20px;">
    <li><strong>$720,000 Median Price:</strong> That’s the median price FHBs are paying. It’s a slight tick up, but still below the 2022 peaks.</li>
    <li><strong>77% Standalone Homes:</strong> Most FHBs are successfully avoiding tiny apartments and securing backyards.</li>
    <li><strong>50%+ Low-Deposit Loans:</strong> Over half of all buyers are getting keys with less than a 20% deposit.</li>
    <li><strong>$820 Monthly Savings:</strong> Average repayments (outside Auckland) have dropped significantly since 2024.</li>
    <li><strong>35 Years Old:</strong> The average FHB age has dropped from 35, as younger Kiwis find their way back to the market.</li>
    <li><strong>37% Wellington Share:</strong> The capital is currently the busiest hub for first-time buyers in the country.</li>
  </ul>
</div>


<p>While headlines often focus on the tough road ahead, the ground reality for New Zealand’s first home buyers (FHBs) tells a different story.</p>

According to the recently released [Cotality-Westpac Q1 2026 First Home Buyer Report](https://www.linkedin.com/posts/westpac-new-zealand-limited_cotality-westpac-first-home-buyer-report-activity-7458272727464865792-yUP4/), this demographic is currently the most resilient and active force in the real estate market. 

## 1.	FHBs Leading the Charge
The data shows that first home buyers accounted for **27.5% of all residential property sales** across New Zealand this past quarter. 

This level of dominance suggests that despite broader economic headwinds, those looking to enter the market are finding pathways that didn't exist during the price peaks of previous years. 

## 2.	The Return of the Standalone Home
A few years ago, the common narrative was that first home buyers were being priced into high-density apartments. 

However, current property data insights confirm that **77% of FHBs in Q1 2026 purchased standalone houses.**

The lack of intense competition from multi-property investors has allowed first-timers to secure forever homes with backyards rather than just 'stepping stone' units. 

## 3.	The Mortgage Repayment Shift
Affordability is improving. 

The report indicates that outside of the Auckland region, the average monthly mortgage repayment has dropped by approximately **$820 lower compared to in 2024.**

This shift is attributed to a stabilization in median prices, currently around $720,000 for FHBs, combined with more competitive bank margins. 

## **4.	Demolishing the 20% Deposit Myth**
Many prospective buyers stall their search because they believe a 20% deposit is a mandatory gatekeeper. 

Recent figures refutes this: over half of all successful FHB loans in the last quarter were processed with an LVR (Loan-to-Value Ratio) of over 80%. **The average LVR is now hovering at 81%,** proving that low-deposit lending is a standard path for many Kiwis. 

## Navigating the Remainder of 2026
With Westpac economists forecasting potential shifts in the Official Cash Rate (OCR) toward the end of the year, the current buying window is characterized by high stock levels and motivated sellers. 

#### •	Focus on Loan Structure
In a fluctuating rate environment, split-fixing your mortgage across different terms is more important than chasing a single low rate. 

#### •	Leverage Market Choice
With more standalone houses on the market, don't be afraid to negotiate on properties that have been listed for more than 4 weeks. 

#### •	Check Your Borrowing Power
Don't guess your numbers. Use our [useful calculators](https://tella.co.nz/home-loans-mortgages/calculators) to see how your deposit level affects your weekly repayments. 


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">Don't let the market noise dictate your future.</h3>
  
  <p style="color: #ffffff; margin-bottom: 25px; line-height: 1.5;">
   Get a clear picture of your options today.
  </p>
  
  
  <a href="https://calendly.com/tella-adviser" 
     style="background-color: #ffffff; color: #10059f; padding: 14px 28px; border-radius: 50px; font-weight: bold; text-decoration: none; display: inline-block; font-size: 16px;">
    Book a free chat with our mortgage expert
  </a>
</div>

#### New to the first-home buying journey?
Explore our [step-by-step guides](https://tella.co.nz/first-home) to help clear the confusion and find your path forward in the right direction.

<hr style="border: none; border-top: 2px solid black; height: 1px; width: 100%; display: block !important; visibility: visible !important; margin-top: 40px;">

<p style="font-style: italic; font-size: 0.85em; color: #555;">
 This article is for informational purposes only and does not constitute financial or professional advice. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

small_2. Cotality-Westpac Report Q1 2026.png

thumbnail_2. Cotality-Westpac Report Q1 2026.png

2. Cotality-Westpac Report Q1 2026.png

Key Insights from the Cotality-Westpac Q1 2026 Report

## **The May Rate Shift: What’s Happening?**

The low-rate honeymoon of early 2026 has hit a sudden speed bump. 

Over the last two weeks, New Zealand’s major lenders (ANZ, Westpac, Kiwibank, BNZ and ASB) have all announced nudges to their fixed-term mortgage rates.

While the Reserve Bank of New Zealand (RBNZ) held the [Official Cash Rate (OCR) at 2.25% in April,](https://www.rbnz.govt.nz/monetary-policy/about-monetary-policy/the-official-cash-rate) retail banks are moving early. This pre-loading comes as [Stats NZ reports](https://www.stats.govt.nz/topics/consumers-price-index/) annual inflation holding steady at 3.1%, keeping pressure on wholesale funding costs. 

Global volatility and energy price spikes have made the market nervous, leading economists to forecast potential OCR hikes later this year. 

For Kiwis waiting for the ‘bottom’ to fix their mortgage, the window appears to be closing.

## **Current Bank Rate Comparison (May 2026)**

The market is moving fast. Check out the [comparison](https://tella.co.nz/home-loans-mortgages/rates) of the latest Fixed Rates as of May 13, 2026.


## **How These Hikes Impact Your Borrowing Power**

In the world of mortgages, interest rates and borrowing power are on a seesaw. When rates go up, your borrowing power goes down. 

For every 0.50% increase in interest rates, the average NZ household's maximum loan amount can drop by roughly $30,000 to $50,000. 

Banks stress test your application at a higher servicing rate to ensure you can handle future changes. If market rates rise, your bank may reassess your pre-approval and lower your maximum loan limit.


## **3 Strategies for Kiwis to Beat the Rate Hikes**

#### **1. Lock in Your Rate Early**

Most NZ banks allow you to lock in a new fixed rate up to 60 days before your current term expires.


<div style="border: 1px solid #ddd; padding: 30px; background-color: #10059f; font-family: Arial, sans-serif; margin-bottom: 40px; color: #ffffff; border-radius: 8px;">
  <h3 style="margin-top: 0; color: #ffffff; font-size: 22px;">If your mortgage is up for renewal in June or July, talk to us now.</h3>
  
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  Securing a rate today protects you if the RBNZ takes a hawkish tone at the next announcement.
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  <a href="https://tella.co.nz/#" 
     style="background-color: #ffffff; color: #10059f; padding: 14px 28px; border-radius: 50px; font-weight: bold; text-decoration: none; display: inline-block; font-size: 16px;">
    Book a free chat with our mortgage expert today
  </a>
</div>

#### **2. The Ladder Approach**

Don't put all your eggs in one basket. 

By splitting your mortgage into two different fixed terms (e.g., half for 1 year and half for 2 years), you ensure that only a portion of your debt is exposed to market volatility at any one time.

#### **3. Ditch the LEM**

If your home’s value has increased, you might finally have 20% equity. This allows you to remove the Low Equity Margin (LEM) and move to ‘Special’ rates, potentially saving you thousands even as market rates rise.

## **Take Control of Your Rate Before the Next Hike**

Interest rates are moving, but your homeownership goals don't have to stall. Whether you’re trying to calculate your new weekly repayments or seeing how much house you can afford at today's rates, we have the tools to help.

•	**See the Impact:** Use our [Mortgage Repayment Calculator](https://tella.co.nz/home-loans-mortgages/calculators/repayment) to see exactly how much your weekly or fortnightly payments will change with the new rates.

•  **Compare the Market:** Check our live [Interest Rate Comparison Table](https://tella.co.nz/home-loans-mortgages/rates) on our website to see the latest daily movements across all NZ lenders.

•  **Take action:** Lock in a rate and maximize your borrowing power before the next market shift.


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<p style="font-style: italic; font-size: 0.85em; color: #555;">
  This article is for informational purposes only and does not constitute financial or professional advice. It does not consider your personal financial situation or objectives. Please consult with Tella mortgage and financial experts before making any decisions regarding your mortgage or debt strategy.
</p>

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Why the ‘Big Five’ Banks are Hiking Rates (May 2026)

Andrew Chambers, our Tella CEO, recalls a moment from the late 1990s during the onset of the Asian financial crisis. A senior colleague remarked, “You don’t know what recession is—you weren’t in banking in ’87!” That comment stuck with him. Now, having weathered a recession roughly every decade since, Chambers has come to a key realization: while recessions are inevitable, their causes and consequences are never the same.

Drawing on the metaphor of tectonic shifts, he describes the current downturn as a slow-moving quake—less dramatic in the headlines, but deeply disruptive beneath the surface. Here are some of his observations:

- **A Quiet but Deep Impact**: Unlike the sharp shocks of past recessions, this one has unfolded gradually. Its slow burn has made it less newsworthy, yet it has significantly eroded household financial security.

- **A New Banking Ethos**: Today’s banks have evolved into more responsible corporate citizens. The absence of widespread mortgagee sales—a hallmark of past recessions—is a testament to this shift. Chambers commends the industry for this progress.

- **Latecomers Hit Hardest**: Those who entered the property market late are bearing the brunt of the downturn, facing devaluations of 10–20% that have wiped out their equity.

- **Auckland vs. South Island**: Auckland has felt the recession more acutely, due to inflated property prices and higher job losses. In contrast, South Islanders have weathered the storm relatively well.

- **Infrastructure Neglect Exposed**: The recession has highlighted decades of underinvestment in infrastructure. Chambers urges both central and local governments to learn from this and prioritize long-term resilience.

- **Regretful Covid Spending**: Many households spent freely during the pandemic—on renovations, vehicles, and other big-ticket items. Now, those decisions are proving burdensome.

Chambers shared these insights in a brief conversation with Ryan Bridge on *Herald Now* morning TV. His reflections invite readers to consider not just the economic data, but the human and structural stories behind it. 

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Reflections on Recession: Lessons from the Long Grind

A new digital portal that allows people to apply for home loans via the OneRoof property website has been launched by New Zealand Media and Entertainment (NZME) and home loan provider Tella.

The portal sees OneRoof broadening its offering, meaning Kiwis can now use the real estate platform to see out their entire property journey from start to finish. Whether it’s reading all the latest real estate industry news, seamlessly search for their new home, finding out what it could be worth, or arranging home loan financing, it will now be available all under the one roof.

Chief of OneRoof, Greg Hornblow, says: “As one of the country’s leading property portals, OneRoof continues to innovate and simplify the property journey for Kiwis. The property industry is constantly evolving and we are proud to be at the forefront of innovation in this space. Since launching just a few weeks ago, we’ve seen a large number of users interacting with the calculator and completing the home loan application process.

“We’re pleased to be offering a new tool that aims to simplify the property buying process for home buyers, homeowners, and investors, providing a quality user experience and opening the door to a new era of property purchase and investment in New Zealand.

“OneRoof empowers consumers by equipping them with the right insights so they can make informed decisions. By combining our company values and goals with that of our home loan partner Tella, we believe we can positively revolutionise the property sector for Kiwis,” says Hornblow.

Tella CEO, Andrew Chambers, says: “Having a strong real estate platform as a partner was always on the cards, and over the last couple of years, it’s been a pleasure building that relationship with OneRoof. The two businesses are both market leaders in tech innovation within their segments and look forward to a successful partnership in bringing the two together for an amazing user experience.”

OneRoof Home Loans, powered by Tella, can be accessed at [OneRoof.co.nz](https://www.oneroof.co.nz/advice/home-loans).