Economists at war over OCR forecasts
ANZ suggests the RBNZ will rise three times this year. Kiwibank says "reckless" rate hikes unwarranted.
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New fund range answers adviser call for flexible KiwiSaver alternative
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Moneta: Strengthening KiwiSaver advice with digital tools from OMNIMax
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ANZ goes out on a limb and predicts three OCR rises this year
The country’s biggest bank and home loan lender is now predicting three 0.25% OCR rises this year, taking the official cash rate to 3%.
Mortgage enquiries sink as war drags on and interest rates rise
High fuel prices because of the US and Israel war with Iran, rising interest rates, an increase in banks’ servicing test rates, election year wobbles and general uncertainty over the economy have meant a noticeable drop in mortgage enquiries.
Non-bank sector hopeful of a more profitable year
Even though margin pressure, the Iran war and election year dynamics are weighing on non-bank lenders, they are cautiously optimistic their businesses will improve this year, KPMG’s Specialist Lenders Insights Report shows.
OCR on hold
The Reserve Bank has kept the OCR unchanged. Here's what it said.
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Property News
New rules for meth contaminated houses
REINZ welcomes regulation of methamphetamine contamination in rental housing.
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.
Top Mortgage Rates
| Unity First Home Buyer special | 3.95 |
| SBS FirstHome Combo | 3.99 |
| ICBC | 4.49 |
| Co-operative Bank - First Home Special | 4.49 |
| SBS Bank Special | 4.49 |
| TSB Special | 4.49 |
| Unity Special | 4.49 |
| Kiwibank Special | 4.59 |
| Kainga Ora | 4.59 |
| AIA - Go Home Loans | 4.59 |
| Westpac Special | 4.59 |
| ICBC | 4.89 |
| Unity Special | 4.89 |
| Kiwibank Special | 4.89 |
| BNZ - Std | 4.89 |
| China Construction Bank | 4.95 |
| Kainga Ora | 4.95 |
| SBS Bank Special | 5.09 |
| Nelson Building Society | 5.09 |
| TSB Special | 5.09 |
| AIA - Go Home Loans | 5.09 |
| ASB Bank | 5.09 |
| Westpac Special | 5.59 |
| ICBC | 5.65 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Kainga Ora | 5.69 |
| AIA - Go Home Loans | 5.69 |
| ASB Bank | 5.69 |
| BNZ - Std | 5.79 |
| Kiwibank Special | 5.89 |
| Co-operative Bank - Owner Occ | 5.89 |
| China Construction Bank | 5.99 |
| SBS FirstHome Combo | 3.29 |
| AIA - Back My Build | 3.34 |
| SBS Construction lending for FHB | 3.74 |
| CFML 321 Loans | 3.95 |
| Co-operative Bank - Standard | 4.99 |
| Co-operative Bank - Owner Occ | 4.99 |
| Heartland Bank - Online | 5.30 |
| ICBC | 5.39 |
| Kiwibank - Offset | 5.65 |
| Kiwibank | 5.75 |
| Unity Special | 5.79 |
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People News
New BDM at FMT
FMT adds Tauranga-based BDM
Loan Market adviser becomes RM
Loan Market adviser Ryan Amoore has shifted to the corporate team as a Regional Manager.
Cressida adds to its team
Specialist lender Cressida Capital has appointed a new property finance analyst.
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KiwiSaver News
FMA takes pulse of KiwiSaver private assets
KiwiSaver managers are likely to expand their allocation to private assets in the coming years, the Financial Markets Authority says, but one investment adviser says there should be more demand for it than there is.
Industry wary of KiwiSaver changes
KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped.
What KiwiSaver changes do managers agree on?
Prime Minister Christopher Luxon told the recent FSC Outlook come to us with your five best ideas and let's see what we can do. So Good Returns asked some fund managers for their top five KiwiSaver change ideas.
Economists battle it out over OCR forecasts
Economists at war over OCR forecasts [READ ON]
ANZ has hiked most of its fixed home loan rates. To see how its two year rate compares to other banks CLICK HERE