How bold will the RBNZ be?
A cut from the RBNZ next week is all but a done deal. The only question is how much it will be – 0.50% or 0.25%?
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Regulation, competition and credit landscape to be centre stage next month
For the first time, the FMA and Commerce Commission will share the stage to speak directly to mortgage and financial advisers about the upcoming transfer of consumer credit regulation from the commission to the FMA at the Financial Services Federation (FSF) conference next month.
Switching lenders drops back
Although switching banks to get a cash bank or better terms is still top of the list for many mortgage holders, it slipped back last month.
Time for mortgage advisers to be more hands-on
Advisers need to get on the front foot and work with their clients on a long-term strategy amid a weakening economic outlook, the Finance and Mortgage Advisers Association of New Zealand (FAMNZ) says.
Plugging the knowledge gap with CPD
A push by FAMNZ to get the Government to mandate continuing professional development (CPD) for mortgage advisers has many wondering how many hours they should be putting in.
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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
| Unity First Home Buyer special | 3.99 |
| SBS FirstHome Combo | 4.29 |
| Co-operative Bank - First Home Special | 4.39 |
| AIA - Go Home Loans | 4.49 |
| Westpac Special | 4.49 |
| Co-operative Bank - Owner Occ | 4.49 |
| ASB Bank | 4.49 |
| ANZ Special | 4.49 |
| ICBC | 4.69 |
| Kiwibank Special | 4.75 |
| SBS Bank Special | 4.75 |
| TSB Special | 4.49 |
| Wairarapa Building Society | 4.59 |
| AIA - Go Home Loans | 4.65 |
| Westpac Special | 4.65 |
| ANZ Special | 4.65 |
| ASB Bank | 4.65 |
| Kainga Ora | 4.75 |
| BNZ - Std | 4.75 |
| SBS Bank Special | 4.75 |
| Kiwibank Special | 4.79 |
| Nelson Building Society | 4.87 |
| Westpac Special | 4.99 |
| SBS Bank Special | 5.39 |
| ICBC | 5.39 |
| BNZ - Std | 5.39 |
| AIA - Go Home Loans | 5.39 |
| ASB Bank | 5.39 |
| TSB Special | 5.49 |
| Co-operative Bank - Owner Occ | 5.49 |
| ANZ | 5.49 |
| Kainga Ora | 5.49 |
| Westpac | 5.59 |
| SBS Construction lending for FHB | 3.74 |
| AIA - Back My Build | 4.44 |
| CFML 321 Loans | 4.75 |
| Co-operative Bank - Owner Occ | 5.70 |
| Co-operative Bank - Standard | 5.70 |
| Heartland Bank - Online | 5.75 |
| ICBC | 6.09 |
| Kiwibank - Offset | 6.15 |
| Kiwibank | 6.15 |
| TSB Special | 6.24 |
| BNZ - Std | 6.29 |
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FMT adds Christchurch-based BDM
FMT's new BDM has been an adviser, worked for a bank and a detective constable with NZ Police.
Non-bank BDMs on the move
Two former Pepper Money business development managers have new roles.
Hodgetts lands new role with large FAP
Former FAMNZ country head Leigh Hodgetts has returned to a compliance role.
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KiwiSaver News
KiwiSaver turns 18 with $123 billion under management, but 30% aren't contributing
FMA chief executive Samantha Barrass unveiled the KiwiSaver Annual Report 2025 at the FSC Conference.
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.
How low will they go?
The Reserve Bank is bound to cut the OCR next week, but the question is how low will they go? Here's what economists are predicting.
In the meantime banks are cutting rates - the ASB and Westpac have followed ANZ and BNZ.
A six month sub 5% rate is pretty common. See who is leading the pack here.
At the two year rate it's pretty competitive. See the table from lowest to highest here.