Westpac New Zealand's mortgages surged in the latest six months by $1.44 billion to $66.96 billion compared with growth of just $333 million in the six months ended September, the bank's latest disclosure statement shows.
There’s a saying that old dogs never die - they simply fade away. Long-time financial adviser David Pine from Wellington has finally put away his insurance tools but doesn’t intend to fade away just yet. MORE »
In its next monetary policy statement (MPS), the RBNZ should signal that a drop in the OCR is imminent, Squirrel Mortgages chief executive David Cunningham.
Mortgage advisers accounted for slightly less of Bank of New Zealand's new mortgages in the six months ended March compared with the previous September half year , but adviser share of the overall portfolio continues to grow.
Mortgage arrears continue to climb from recent lows and are expected to rise 0.7% by the end of the year, up from 0.5%, the Reserve Bank’s latest Financial Stability Report shows.
Takapuna-based mortgage company adviceHQ is expanding.
The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.
REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.
“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.
| Unity First Home Buyer special | 6.55 |
| SBS FirstHome Combo | 6.74 |
| Heartland Bank - Online | 6.89 |
| Wairarapa Building Society | 6.95 |
| TSB Special | 6.99 |
| Unity | 6.99 |
| Co-operative Bank - First Home Special | 7.04 |
| ICBC | 7.05 |
| China Construction Bank | 7.09 |
| ANZ Special | 7.14 |
| SBS Bank Special | 7.24 |
| Unity First Home Buyer special | 6.45 |
| Heartland Bank - Online | 6.55 |
| SBS Bank Special | 6.69 |
| AIA - Go Home Loans | 6.75 |
| TSB Special | 6.75 |
| Westpac Special | 6.75 |
| ICBC | 6.75 |
| ASB Bank | 6.75 |
| China Construction Bank | 6.75 |
| Co-operative Bank - Owner Occ | 6.79 |
| Unity | 6.79 |
| SBS Bank Special | 6.19 |
| AIA - Go Home Loans | 6.39 |
| Westpac Special | 6.39 |
| ASB Bank | 6.39 |
| China Construction Bank | 6.40 |
| ICBC | 6.49 |
| BNZ - Classic | 6.55 |
| Kiwibank Special | 6.55 |
| Co-operative Bank - Owner Occ | 6.55 |
| TSB Special | 6.59 |
| SBS Bank | 6.79 |
| AIA - Back My Build | 6.19 |
| SBS FirstHome Combo | 6.19 |
| ANZ Blueprint to Build | 7.39 |
| Credit Union Auckland | 7.70 |
| ICBC | 7.85 |
| Heartland Bank - Online | 7.99 |
| Pepper Money Essential | 8.29 |
| Co-operative Bank - Standard | 8.40 |
| Co-operative Bank - Owner Occ | 8.40 |
| First Credit Union Standard | 8.50 |
| Kiwibank | 8.50 |
Former mortgage adviser joins Liberty as a Christchurch-based business development manager.
New leader for Loan Market in New Zealand.
NZHL Group appoints head of distribution and product development for Advice Link as it eyes further expansion.
Kiwi-owned providers have come out on top of Consumer’s annual KiwiSaver satisfaction survey.
Research by Auckland University of Technology for the Retirement Commission points to the gender pay gap as the main cause for women contributing less.
Minister of Commerce and Consumer Affairs Andrew Bayly says he wants to focus on capital markets and KiwiSaver providers have a part to play.
RBNZ is still looking in the rear vision mirror
In its next monetary policy statement (MPS), the RBNZ should signal that a drop in the OCR is imminent, Squirrel Mortgages chief executive David Cunningham. [READ ON]