Mortgage arrears still challenging

Data from credit bureau Centrix and the RBNZ show different pictures for mortgage arrears.

Little growth for the rest of this year expected

Advisers already under pressure over bank turnaround times and the rising number of mortgage applications can expect more of the same as house prices flatten.

Service agreements could help banks’ processing timeframes

As turnaround times at the major banks show little sign of improvement, FAMNZ wants clear service level agreements introduced.

New record for low equity loans

Mortgage lending in May was back to March levels at $8.6 billion after taking a dip in April. Two years ago, that figure was $5.8 billion.


Sponsored by:

Property News

Leaving last year's stumbling housing market behind

Leaving last year's stumbling housing market behind

As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.

Don’t bet on house prices rising faster than incomes

Don’t bet on house prices rising faster than incomes

Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.

Similar Price Growth

Similar Price Growth

Although houses prices typically rise more than apartments over the long-term, the gap is not as wide as many people expect.

Top Mortgage Rates

Unity First Home Buyer special 4.29
SBS FirstHome Combo 4.29
China Construction Bank 4.85
ICBC 4.85
Co-operative Bank - First Home Special 4.85
AIA - Go Home Loans 4.89
TSB Special 4.89
Kiwibank Special 4.89
Kainga Ora 4.89
Westpac Special 4.89
ASB Bank 4.89
Nelson Building Society 4.93
AIA - Go Home Loans 4.95
Wairarapa Building Society 4.95
TSB Special 4.95
SBS Bank Special 4.95
Kiwibank Special 4.95
Kainga Ora 4.95
ICBC 4.95
Westpac Special 4.95
ANZ Special 4.95
ASB Bank 4.95
Westpac Special 5.39
SBS Bank Special 5.39
ICBC 5.39
BNZ - Classic 5.59
AIA - Go Home Loans 5.59
ASB Bank 5.59
Co-operative Bank - Owner Occ 5.59
BNZ - Std 5.59
Kainga Ora 5.69
Kiwibank Special 5.79
ANZ 5.79
SBS Construction lending for FHB 3.94
AIA - Back My Build 4.44
CFML 321 Loans 4.99
Co-operative Bank - Owner Occ 5.95
Co-operative Bank - Standard 5.95
Heartland Bank - Online 5.99
Pepper Money Prime 6.29
Kiwibank 6.35
Kiwibank - Offset 6.35
TSB Special 6.39
BNZ - Std 6.44
Sponsored by:

People News

MPM finally gets new GM

MPM finally gets new GM

Liberty has appointed a new general manager to the Mike Pero group nine months after the former GM left.

Finsure increases NZ staff

Finsure increases NZ staff

Aggregation business, Finsure Group, has appointed a compliance manager to help mortgage advisers deal with the regulatory changes and compliance issues which can often create extra stress for their businesses.

Avanti Finance anoints new national sales manager

Avanti Finance anoints new national sales manager

Avanti business development manager promoted to role of national sales manager.

Sponsored by:

KiwiSaver News

KiwiSaver is the future of financial advice: Bascand

KiwiSaver is the future of financial advice: Bascand

More than a million people will be seeking advice on their KiwiSaver, Harbour Asset Management co-chief executive Andrew Bascand says.

KiwiSaver contribution rates to increase; Cuts to Govt contribution

KiwiSaver contribution rates to increase; Cuts to Govt contribution

The Government is increasing contribution rates to KiwiSaver, but at the same time reducing, and in some cases, removing the member tax credit.

Generate KiwiSaver customers most satisfied

Generate KiwiSaver customers most satisfied

Boutique providers have taken out the top spots in Consumer New Zealand’s KiwiSaver survey with Generate awarded People’s Choice.