Looking ahead with new government
New Zealand’s new government will be a Labour-NZ First coalition, supported by the Green Party, and that means changes are looming that advisers need to be aware of.
No policy positions have been announced yet but – based on announcements made during the election campaign - commentators believe there will be major changes in a number of housing market related areas.
These include house building which will see greater government involvement through the Kiwibuild programme; foreign investment which is likely to include a ban on buying existing dwellings; immigration which is set to be reduced and become more targeted; and monetary policy...MORE»
Kickbacks to agents shouldn't happen, but doWednesday, October 11th, 1:25PM 1 comment
Relationships between mortgage advisers and real estate agents are being questioned by Consumer NZ, which is concerned about financial kickbacks. MORE» |
Australian non-bank lender set to return to NZSunday, October 1st, 6:00AM 1 comment
One of the bigger non-bank lenders before the GFC is set to return to New Zealand. MORE» |
Growth outlook overshadows OCR call
New Zealand’s lower economic growth was acknowledged by the Reserve Bank in its OCR statement today – which means there's a chance their next call could be more doveish.
MORE»RBNZ announces OCR decision
Acting governor Grant Spencer reveals what was behind the Reserve Bank's decision.
MORE»RBNZ announces OCR decision
Acting governor Grant Spencer reveals what was behind the Reserve Bank's decision.
MORE»ASB keeps ownership of Sovereign Home Loans
Although Commonwealth Bank has sold Sovereign to AIA, the insurer’s $7 billion home loan book isn’t part of the deal.
MORE»Caution to dictate OCR call this week
Uncertainty is bubbling beneath the surface of monetary policy but, despite this, economists expect the Reserve Bank to leave the OCR on hold at 1.75% this week.
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