Article tagged with 'BNZ'
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BNZ again shuns advisers and the numbers show it
06 Nov 2025 - The numbers are showing convincingly that Bank of New Zealand is again shifting away from using mortgage advisers to originate home loans.
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Slumping house prices good news for first home buyers
09 Sep 2025 - Housing affordability is improving as house prices continue falling. QV’s House Price Index dropped 0.8% in the three months to the end of August and house prices are now 13.4% lower than the peak market value in January 2022.
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Greater transparency and protections
08 Sep 2025 - NZFSG says it is unclear whether customers are receiving superior financial advice, but the level of consumer trust has grown with greater transparency.
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Banks use existing power to control open banking
03 Sep 2025 - Fintechs are being placed at a disadvantage as the major banks “lock in their existing power” and delay open banking, the Commerce Commission says.
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Switching lenders reaches record
28 Aug 2025 - A new high of $2.6 billion in mortgage money changed lenders last month.
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Kiwi, BNZ and ASB gained mortgage market share in June qtr
27 Aug 2025 - Kiwibank continued to gain market share of mortgages in the June quarter, along with BNZ and ASB, while both ANZ and Westpac lost market share.
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Year of the refix
22 Aug 2025 - Average house prices around New Zealand have fallen for five months in a row now despite mortgage interest rates falling over 2% from this time a year ago.
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RBNZ cuts OCR to 3%, sees it bottoming at 2.5% in the March 2026 qtr
20 Aug 2025 - The Reserve Bank is expecting higher inflation and unemployment and lower economic growth and is also expecting to cut its official cash rate (OCR) twice more to bottom out at 2.5%.
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Borrowers need relief
19 Aug 2025 - Home loan affordability need another boost with an OCR cut tomorrow, FAMNZ says.
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Economists not expecting next week’s OCR cut to be the last
15 Aug 2025 - Economists expect the OCR will drop on Wednesday as the economy struggles and unemployment hits a five-year high.