AI forecast to take care of majority of advisor loan deals
Artificial intelligence will be able to handle up to 80% of advisor loan deals within seven years according to the founder of Australasian asset loan broker LoanOptions.ai.
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NZFSG’s ‘MyInduction’ Programme: Setting advisers up for success
NZFSG has recently launched an innovative induction programme designed to help advisers new to the network thrive. The ‘MyInduction’ Programme equips advisers with the skills to navigate compliance and leverage NZFSG’s industry-leading technology, services, and support. MORE »
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 »
Basecorp gets more funding for short-term mortgages
Basecorp Finance secures additional $50m funding for short-term mortgages, reduces rates
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.
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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 |
| Unity First Home Buyer special | 5.49 |
| Co-operative Bank - First Home Special | 5.79 |
| Heartland Bank - Online | 5.99 |
| Kiwibank Special | 5.99 |
| TSB Special | 5.99 |
| Co-operative Bank - Owner Occ | 5.99 |
| AIA - Go Home Loans | 5.99 |
| Unity | 5.99 |
| BNZ - Std | 5.99 |
| BNZ - Classic | 5.99 |
| Heartland Bank - Online | 5.59 |
| ICBC | 5.65 |
| Unity | 5.69 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Kiwibank Special | 5.69 |
| AIA - Go Home Loans | 5.69 |
| ANZ Special | 5.69 |
| ASB Bank | 5.69 |
| BNZ - Classic | 5.69 |
| BNZ - Std | 5.69 |
| ICBC | 5.49 |
| BNZ - Classic | 5.59 |
| BNZ - Std | 5.59 |
| Westpac Special | 5.69 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Kiwibank Special | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| AIA - Go Home Loans | 5.79 |
| ASB Bank | 5.79 |
| Co-operative Bank - Standard | 6.19 |
| AIA - Back My Build | 5.44 |
| SBS FirstHome Combo | 5.44 |
| CFML 321 Loans | 6.20 |
| CFML Home Loans | 6.45 |
| 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
Avanti Finance welcomes new Chief Risk Officer
Avanti Finance is pleased to announce the appointment of Ben Anderson as its new Chief Risk Officer (CRO).
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.
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KiwiSaver News
KiwiSaver shortcomings identified in global report
Bumping up KiwiSaver contributions and introducing a carer’s savings credit for those with young children are among the improvement measures identified in a new report benchmarking New Zealand against other countries’ pension systems.
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.
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]