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Cromwell

New Zealand Mortgage Loans

Mortgage Home Loan

How the process works

1

First Chat

We get to know you, and ensure you know what we do and how we do it. We’ll talk about what you are trying to do, your goals and ambitions.
2

Understand your Situation

We gather information from you including personal details, income and assets and other financial information.
3

Research

We research the market to ensure we find the best option for you.
4

Lodge your Application

We work with you and the lender, and do the legwork to get you approved.
5

Approval and Recommendation

We customise the loan structure and discuss interest rate options.
6

Settlement Process

We work with you, your lawyer and the lender to ensure a smooth settlement process.
7

Keep in Touch

We keep in regular contact to check in and review any changes to your situation.

Interested in moving to Cromwell?

All about Cromwell

Cromwell (Māori: Tīrau) is a town in Central Otago in the Otago region of New Zealand.

Cromwell is between State Highway 6 (linking to Wānaka, 50 kilometres (31 mi) north, and Queenstown, 60 kilometres (37 mi) west) and State Highway 8 leading to the Lindis Pass, 75 kilometres (47 mi) northeast, and Alexandra, 33 km south. The road to Alexandra winds through the Cromwell Gorge. A point near Cromwell lies 119 kilometres from the sea, the farthest from the sea anywhere in New Zealand. A prominent feature surrounding much of the town is the man-made Lake Dunstan. Cromwell also has the newly constructed Highlands Motorsport Park. Nearby settlements are at Bannockburn, Lowburn, Tarras, and Ripponvale.

Source: https://en.wikipedia.org/wiki/Cromwell,_New_Zealand 

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Cromwell’s History

Cromwell was originally known as “The Junction”, being at the confluence of the Clutha River / Mata-Au and the Kawarau River. In 1862, gold was discovered below the Junction by two miners, Hartley and Reilly. Once the word of a gold strike was out, there was an influx of several thousand miners to the area. Its newspaper, The Cromwell Argus, was established in 1869.

As gold ran out, Cromwell became the service centre for an extensive farming and stone fruit growing area. It has a strategic location between the Lindis and the Haast passes, and acts as a hub between the towns of Wānaka, Queenstown and Alexandra. The former is commemorated with the giant sculpture of stone fruit which stands outside the northern end of the town. Cromwell lay at the confluence of the Clutha River and the Kawarau River, which was noted for the difference between the colours of the waters of the two rivers and also for the historic bridge at the convergence of the two. Since the construction of the Clyde Dam and the filling of Lake Dunstan in the early 1990s the river confluence was drowned, as was the old town centre.

Source: https://en.wikipedia.org/wiki/Cromwell,_New_Zealand 

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More History of Cromwell

The decision to build Clyde Dam and use Cromwell as the accommodation base brought many changes to the town. Approximately one-third of the town was rebuilt on higher ground. The changes included the doubling of the residential area, relocation of the old town centre (now called “Old Cromwell Town”), upgrading of services, and the provision of modern educational and sports facilities, and a new bridge. The relocated town centre, or “The Mall,” now houses the main retail, service and civic buildings in Cromwell. Several of the old buildings of the town which escaped the flooding have been retained as a historic precinct close to the shore of the Kawarau.

The town was named after Oliver Cromwell and, as well as “The Junction”, the town was previously known as “The Point” and “Kawarau”.

Cromwell is nicknamed the “Fruit Bowl of the South”.

Source: https://en.wikipedia.org/wiki/Cromwell,_New_Zealand

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Demography in Cromwell

Cromwell is described by Statistics New Zealand as a small urban area, and covers 15.63 km2 (6.03 sq mi) and had an estimated population of 6,640 as of June 2021, with a population density of 425 people per km2.

Cromwell had a population of 5,610 at the 2018 New Zealand census, an increase of 1,269 people (29.2%) since the 2013 census, and an increase of 1,863 people (49.7%) since the 2006 census. There were 2,109 households. There were 2,898 males and 2,709 females, giving a sex ratio of 1.07 males per female, with 1,041 people (18.6%) aged under 15 years, 912 (16.3%) aged 15 to 29, 2,604 (46.4%) aged 30 to 64, and 1,053 (18.8%) aged 65 or older.

Ethnicities were 90.1% European/Pākehā, 9.1% Māori, 2.0% Pacific peoples, 3.9% Asian, and 2.5% other ethnicities (totals add to more than 100% since people could identify with multiple ethnicities).

The proportion of people born overseas was 16.8%, compared with 27.1% nationally.

Although some people objected to giving their religion, 56.3% had no religion, 35.7% were Christian, 0.2% were Hindu, 0.2% were Muslim, 0.5% were Buddhist and 2.0% had other religions.

Of those at least 15 years old, 666 (14.6%) people had a bachelor or higher degree, and 852 (18.6%) people had no formal qualifications. 747 people (16.3%) earned over $70,000 compared to 17.2% nationally. The employment status of those at least 15 was that 2,730 (59.8%) people were employed full-time, 663 (14.5%) were part-time, and 75 (1.6%) were unemployed.

Source: https://en.wikipedia.org/wiki/Cromwell,_New_Zealand 

Cromwell Mortgage Financing

Cromwell’s Lindis-Nevis Valleys

The statistical area of Lindis-Nevis Valleys, which includes Bannockburn and Pisa Moorings, surrounds but does not include Cromwell. It covers 2,884.60 km2 (1,113.75 sq mi) and had an estimated population of 3,210 as of June 2021, with a population density of 1.1 people per km2.

Lindis-Nevis Valleys had a population of 2,391 at the 2018 New Zealand census, an increase of 714 people (42.6%) since the 2013 census, and an increase of 1,242 people (108.1%) since the 2006 census. There were 963 households. There were 1,215 males and 1,173 females, giving a sex ratio of 1.04 males per female. The median age was 46.5 years (compared with 37.4 years nationally), with 387 people (16.2%) aged under 15 years, 330 (13.8%) aged 15 to 29, 1,224 (51.2%) aged 30 to 64, and 447 (18.7%) aged 65 or older.

Ethnicities were 95.1% European/Pākehā, 5.6% Māori, 1.4% Pacific peoples, 1.3% Asian, and 2.0% other ethnicities (totals add to more than 100% since people could identify with multiple ethnicities).

The proportion of people born overseas was 16.6%, compared with 27.1% nationally.

Although some people objected to giving their religion, 59.8% had no religion, 30.7% were Christian, 0.4% were Hindu, 0.4% were Buddhist and 1.6% had other religions.

Of those at least 15 years old, 468 (23.4%) people had a bachelor or higher degree, and 288 (14.4%) people had no formal qualifications. The median income was $40,400, compared with $31,800 nationally. 429 people (21.4%) earned over $70,000 compared to 17.2% nationally. The employment status of those at least 15 was that 1,188 (59.3%) people were employed full-time, 321 (16.0%) were part-time, and 33 (1.6%) were unemployed.

Source: https://en.wikipedia.org/wiki/Cromwell,_New_Zealand 

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Financing we can help with

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Why work with us

We are owner operated and not aligned with any lenders

We work with you to customise your loan so it best matches your goals, and to save you time and money.

01

We have extensive experience

We all have over 10 years’ experience in banking and we understand the industry. We specialise in both residential and commercial financial advice.

02

We build relationships

We pride ourselves on building relationships with our customers and with our lenders to provide a more customised and personal experience.

03

Why work with us

We are owner-operated and are not aligned with any lenders

01

We have extensive experience in residential and commercial finance

02

We build relationships to provide a more customised and personal experience

03

Some of the banks & lenders we work with:

Custom Mortgages Lending Partners

Correct as of April 2024

Custom Mortgages

Custom Mortgages is run by a group of mates – all bankers and each with many years experience in the industry. The team understands and knows the commercial, mortgage, and housing landscapes. With this experience, they can help you find a tailored, custom solution.

No two purchases, projects or businesses are the same, so why should your financing arrangements be?

Contact UsBook a MeetingApply Now
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Custom Mortgages

Custom Mortgages is run by a group of mates – all bankers and each with many years experience in the industry. The team understands and knows the commercial, mortgage, and housing landscapes. With this experience, they can help you find a tailored, custom solution.

No two purchases, projects or businesses are the same, so why should your financing arrangements be?

Contact UsApply Now
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Book a Meeting