Mortgage Rates Daily Commentary
Thursday 4 December 2025
Good house buying conditions, but little activity; What's going on?
Experts consider it's a good time to be buying a house with lots of indicators pointing in the right direction; but sales are not picking up.
What's going on?
It was great to attend Loan Market's recent PD day and Christmas celebration. The group is on a strong growth path to becoming New Zealand's best known mortgage advice brand. It's also got some exciting developments in train. You can find out more about the Loan Market offering here.
BNZ mortgage market share slips
Bank of New Zealand grew its mortgage book strongly in the June quarter but still lost a smidgeon of its share of the mortgage market and its profit for the quarter was flat.
Wednesday, August 29th 2007, 6:53AM
by Jenny Ruth
The bank was the first to lodge its general disclosure document this quarter and it shows BNZ's third quarter net profit was flat at $178 million, bringing its profit for the nine months ended June to $508 million , up 13.4% on the previous year.
BNZ's mortgage book grew by $675 million to $22.51 billion during the three months although its market share slipped from 16.2% to 16.15%, using Reserve Bank figures as a proxy for the market.
BNZ's mortgage market share has slipped from 16.41% in June last year.
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