News in Brief: Online collaboration solution a useful tool for advisers

by NZ Adviser04 Nov 2015
Online collaboration solution a useful tool for advisers 
SuiteBox, an Auckland and Sydney-based Afiniation member and showcase technology award winner has launched several new features to make virtual advice easier for financial advisers.

The features include simple meeting set up and the ability for the adviser to view, save and share any video records from a client meeting and all historical meetings. The software can be used as a standalone solution or integrated with planning software. 

SuiteBox CEO Richard Mannell said, "There has been lots of press and coverage about fully automated robo-advice but very little about the huge opportunity that exists to combine a digital experience with a human.”

The developments enable an adviser to meet with a client located anywhere in the world, share and review documents, sign online and record the meeting using any web-enabled device. 

New LVR changes in effect 
November 1 new LVR rules by the Reserve Bank have taken effect, requiring a 30 per cent deposit minimum from borrowers looking to buy a residential investment property in Auckland, to dampen the city’s flaming property market. 

Auckland average house value over $900,000
The latest data from the QV House Price Index shows the average Auckland home value is now beyond the $900,000 mark.

Figures show that nationwide residential property values for October have increased 14.0% over the past year which is the fastest rate since March 2006. 
The average value nationwide is now $552,345 with the average value in the Auckland region sitting at $918,153.

QV National Spokesperson Andrea Rush said, “Residential property values continue to show significant increases for many upper North island centres including Auckland, Tauranga, Hamilton, the Waikato and Hauraki Districts, Whangarei and Rotorua.”

“The Wellington and Dunedin markets are also now starting to show a definite upward tick, while the Christchurch market is relatively flat in comparison.”

Australia’s OCR stays put
The Reserve Bank of Australia made its call on the latest official cash rate yesterday, keeping the key rate at 2%.

But it also said there was still room for easing as inflation would likely stay low .

"At today's meeting the board judged that the prospects for an improvement in economic conditions had firmed a little over recent months and that leaving the cash rate unchanged was appropriate at this meeting," governor Glenn Stevens said in a statement. 

"Members also observed that the outlook for inflation may afford scope for further easing of policy, should that be appropriate to lend support to demand."

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