Sam Stubbs / Challenging the Status Quo/ Ep 139
The first question - _why are floating rate mortgages so expensive in NZ??_
Currently with the main banks, you can get fixed rate loan in the low 2% area, but floating rates with these same banks are between 3-4%. In a world now where it seems that interest rates are at no risk of increasing, and in fact, may still decrease further, a floating rate loan gives borrowers a tremendous amount of flexibility over fixed rates. Unfortunately to get this benefit though, you have to pay a hefty premium for it. Through Simplicity you may also qualify with them for a mortgage rate which is pretty much the same as the other banks in the low 2’s currently – but the interesting part is that it’s a floating mortgage. How is this possible is one question, then the next question becomes, why aren’t mainstream banks doing this already?
Now on to the second question - we’re talking about the NZX -_ is the new Zealand stock exchange functioning in a way that is beneficial for stakeholders, not just shareholders?_
In recent years, we’ve witnessed more than one high profile company opt to list on the Australian stock exchange over the NZX – Why is this? The NZX is evolving, but is it moving in a direction that will help investors, other fund managers, and the bright spark business in NZ that ultimately want to stay here? Well Sam has an opinion on this also - enjoy!
Check out the previous episode with Sam here: https://nzeverydayinvestor.simplecast.com/episodes/7bf5bbaa
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