Newpark aggregation group sold
Newpark, which was acquired by SHARE in a surprise move a number of years ago, has been sold again.
Predicted zero growth in house prices good for first home buyers
Housing affordability is at its best since 2019 and with ANZ predicting no growth in prices for the rest of the year it could improve further for first home buyers.
Switching lenders reaches record
A new high of $2.6 billion in mortgage money changed lenders last month.
Kiwi, BNZ and ASB gained mortgage market share in June qtr
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.
Quick strategies needed for banking competition
Recommendations in the recently released Finance & Expenditure Select Committee inquiry into banking competition are on the right track to encourage competition, Squirrel Mortgages says.
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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
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
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
| SBS FirstHome Combo | 3.99 |
| Unity First Home Buyer special | 3.99 |
| Co-operative Bank - First Home Special | 4.69 |
| ICBC | 4.69 |
| ASB Bank | 4.75 |
| TSB Special | 4.75 |
| ANZ Special | 4.75 |
| Westpac Special | 4.75 |
| SBS Bank Special | 4.79 |
| Unity Special | 4.79 |
| Kiwibank Special | 4.79 |
| Westpac Special | 4.75 |
| ANZ Special | 4.75 |
| ASB Bank | 4.75 |
| TSB Special | 4.75 |
| Unity Special | 4.89 |
| SBS Bank Special | 4.89 |
| Kiwibank Special | 4.89 |
| AIA - Go Home Loans | 4.89 |
| ICBC | 4.89 |
| BNZ - Std | 4.89 |
| Co-operative Bank - Owner Occ | 4.89 |
| Westpac Special | 5.39 |
| SBS Bank Special | 5.39 |
| ICBC | 5.39 |
| TSB Special | 5.49 |
| Co-operative Bank - Owner Occ | 5.49 |
| ASB Bank | 5.49 |
| BNZ - Classic | 5.59 |
| ANZ | 5.59 |
| AIA - Go Home Loans | 5.59 |
| BNZ - Std | 5.59 |
| Kainga Ora | 5.69 |
| SBS Construction lending for FHB | 3.74 |
| AIA - Back My Build | 4.44 |
| CFML 321 Loans | 4.75 |
| Co-operative Bank - Standard | 5.70 |
| Co-operative Bank - Owner Occ | 5.70 |
| Heartland Bank - Online | 5.75 |
| ICBC | 6.09 |
| Kiwibank - Offset | 6.15 |
| Kiwibank | 6.15 |
| Pepper Money Prime | 6.29 |
| SBS Bank | 6.29 |
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Hodgetts lands new role with large FAP
Former FAMNZ country head Leigh Hodgetts has returned to a compliance role.
Go Lend expands
Non-bank P2P mortgage lender, Go Lend has appointed its first business development manager.
FAMNZ boss steps down
The head of Finance and Mortgage Advisers Association of New Zealand has resigned.
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Consilium reports increased demand for KiwiWRAP
Consilium says it has seen a surge in advisers using its KiwiWRAP KiwiSaver scheme along with an increasing interest in personalised KiwiSaver advice from high-balance investors.
Lots of $2 billion milestones
Three companies have celebrated $2 billion milestones recently.
Sharesies KiwiSaver set to break even as funds soar
Sharesies’ KiwiSaver scheme should tip over into break-even and profitability in the current financial year, says the company’s KiwiSaver general manager Matt Macpherson.
Newpark ownership changes hands; Hodgetts returns to compliance role
SHARE has sold a controlling stake in the Newpark aggreation group. [Find out who took control here]
Meanwhile, the former head of FAMNZ, Leigh Hodgetts, has a new compliance role with a large FAP. [Details here]