Mired housing market going nowhere fast
A housing market deep in the doldrums is likely to stay stalled for some time yet, ANZ says.
[TMM Podcast] Xceda aims to be a key non-bank lender
In the latest TMM Better Business podcast we talk to Xceda chief executive Daniel McGrath about the company’s transformation and its new loan products.
Borrowers’ switcheroo reaches new record
Mortgage holders switching lenders has reached a new high – up 30% during June.
Record number of deals being done by first home buyers
Despite mortgage costs being higher than rents first home buyers have taken more than a quarter of all properties bought in the second quarter of the year.
Green light burning brightly for August interest rate cut
Another cut to the OCR next month is now as close to a done deal as can be the case, the BNZ 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
| Unity First Home Buyer special | 4.29 |
| SBS FirstHome Combo | 4.29 |
| ICBC | 4.85 |
| Co-operative Bank - First Home Special | 4.85 |
| China Construction Bank | 4.85 |
| Kainga Ora | 4.89 |
| Kiwibank Special | 4.89 |
| SBS Bank Special | 4.89 |
| TSB Special | 4.89 |
| AIA - Go Home Loans | 4.89 |
| Westpac Special | 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 |
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People News
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
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 business development manager promoted to role of national sales manager.
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KiwiSaver News
Investors make dramatic shift to riskier KiwiSaver funds: FMA
The Financial Markets Authority says there has been a."dramatic" shift of KiwiSaver funds to riskier assets and one fund manager says that's a good thing.
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
The Government is increasing contribution rates to KiwiSaver, but at the same time reducing, and in some cases, removing the member tax credit.
Buyers pulling back? ANZ unpacks the housing stall
The NZ housing market has hit a plateau: prices are slipping, activity is lukewarm, and ANZ warns it could stay that way for months. [READ ON]