Basecorp gets more funding for short-term mortgages
Basecorp Finance secures additional $50m funding for short-term mortgages, reduces rates
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New Zealand Equity Monthly September 2024
New climate-related disclosures seen bringing both benefits and challenges MORE »
Southern Cross Health Society Group annual results reflect steep increase in demand for private healthcare
Today Southern Cross Health Society Group (“Group”) shares its annual results for the year ended 30 June 2024, highlighting extraordinary growth in claims over the year; in volume and value. MORE »
How Kiwis can invest in the world’s best companies
Stephen Arnold, Founder and Chief Investment Officer at Aoris Investment Management, explains the quality approach that sets its global equity investment strategy apart. MORE »
Smart advisers spice up offerings with SME lending
Amid a slow housing market, mortgage advisers are diversifying into small business loans, tapping into a $20bn industry and becoming one-stop shops for their clients' financial needs. MORE »
Banks slash floating rates after 50bp OCR cut
The Reserve Bank cut its official cash rate (OCR) by 50 basis points to 4.75%, as expected, and said it assesses that inflation is now within its 1% to 3% target range “and converging on the 2% midpoint.”
Economists, markets expect a 50bp OCR cut on Wednesday
Interest rate relief is on its way; but how much? We check in with economists to find out.
Ratings agency positive about Avanti's market position
Changes to Avanti's funding base well received by ratings house.
Most Read
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1 NZers generally don't know about mortgage advice: New reseach
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2 BREAKING: OCR 4.75% – Monetary restraint reduced as inflation converges to target
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3 Banks slash floating rates after 50bp OCR cut
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4 Economists, markets expect a 50bp OCR cut on Wednesday
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5 Ratings agency positive about Avanti's market position
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Property News
From hunted to hunters
Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.
First home buyers fade, investors rise
Investors are coming back into the property market at a rapid clip.
Predictions cut for rising house prices
Two of the country’s major banks have slashed their house price growth forecasts for the rest of the year.
Top Mortgage Rates
| SBS FirstHome Combo | 5.45 |
| Co-operative Bank - First Home Special | 5.99 |
| Heartland Bank - Online | 5.99 |
| ANZ Special | 5.99 |
| BNZ - Classic | 5.99 |
| BNZ - Std | 5.99 |
| TSB Special | 5.99 |
| ICBC | 6.15 |
| Co-operative Bank - Owner Occ | 6.19 |
| ASB Bank | 6.19 |
| Kiwibank Special | 6.19 |
| Heartland Bank - Online | 5.59 |
| AIA - Go Home Loans | 5.69 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Kiwibank Special | 5.69 |
| ICBC | 5.69 |
| ASB Bank | 5.69 |
| ANZ Special | 5.69 |
| BNZ - Std | 5.69 |
| BNZ - Classic | 5.69 |
| Co-operative Bank - Owner Occ | 5.75 |
| BNZ - Classic | 5.59 |
| BNZ - Std | 5.59 |
| AIA - Go Home Loans | 5.69 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Kiwibank Special | 5.69 |
| Westpac Special | 5.69 |
| ICBC | 5.69 |
| ASB Bank | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| ANZ | 6.19 |
| AIA - Back My Build | 5.94 |
| SBS FirstHome Combo | 5.94 |
| CFML 321 Loans | 6.70 |
| CFML Home Loans | 6.95 |
| ANZ Blueprint to Build | 7.39 |
| Heartland Bank - Online | 7.49 |
| ICBC | 7.49 |
| Co-operative Bank - Standard | 7.65 |
| Co-operative Bank - Owner Occ | 7.65 |
| Credit Union Auckland | 7.70 |
| Kiwibank | 7.75 |
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People News
Link Group appoints two new national growth managers
Link Group has added two new growth managers including a former Bluestone staffer.
Former Resimac BDM finds a new home
Ashlene Prasad has joined a non-bank lender which is currently on a growth path.
Heartland gets new CEO
Heartland gets a new chief executive earlier than expected and shuffles its senior management team.
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KiwiSaver News
Tattoo removal and IVF companies are part of Generate's new PE deal
Generate KiwiSaver makes another investment into private equity.
KiwiSaver winners
Andrea Malcolm looks at the latest KiwiSaver data from Melville Jessup Weaver and finds out who the big winners are over recent years.
All numbers point north for KiwiSaver
The March 2024 reporting year for KiwiSaver showed the strongest growth in total funds since 2021 and passed the $100 billion milestone, according to the Financial Markets Authority.
BREAKING: OCR 4.75%
The Monetary Policy Committee today agreed to cut the Official Cash Rate (OCR) to 4.75 percent. The Committee assesses that annual consumer price inflation is within its 1 to 3 percent inflation target range and converging on the 2 percent midpoint. [READ ON]