If Jack was already investing in property it’d make an even bigger difference.

Let’s be clear. The servicing test rates probably won’t drop tomorrow. They might not even drop next month.

But within the next 6-12 months, they will likely go down a bit. That will make it easier to invest.

Add up all the changes, and Jack (our average Kiwi investor) went from borrowing $510k to $916k. An extra $400k.

Not all of these changes happen overnight.

But one happened in the last two weeks (Westpac’s change). The other happens next week (the tax cuts).

Once the changes come – they come.

So, if you couldn’t get a loan 2 weeks ago. Maybe soon you can.

Download 5

Andrew Nicol

Managing Director, 20+ Years' Experience Investing In Property, Author & Host

Andrew Nicol, Managing Director at Opes Partners, is a seasoned financial adviser and property investment expert with 20+ years of experience. With 40 investment properties, he hosts the Property Academy Podcast, co-authored 'Wealth Plan' with Ed Mcknight, and has helped 1,894 Kiwis achieve financial security through property investment.

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