Property finance and investment provider First Mortgage Trust has seen its investment book climb to more than $500 million.
A review commissioned by the Australian Bankers' Association has recommended commissions for mortgage brokers be replaced with a fee-for-service model - and there are fears that may flow through to New Zealand.
Australia’s interest-only loan crackdown could lead to a tightening up on the rules in New Zealand.
Most mortgage holders expect interest rates to rise this year – but they aren’t planning to do anything about it, new BNZ research reveals.
Interest rate decisions could soon be made somewhat differently after both National and Labour suggest changes for the Reserve Bank are on the cards.
ASB, Bank Direct and Sovereign have all made small decreases to their one-year standard and Special rates today.