News

Big, fat beautiful fees

Banks have lobbied themselves another profit centre under open banking, which could kill fintech innovation, Sam Stubbs of KiwiSaver Simplicity says.



Pausing while pass through of interest rate cuts catches up

Adding to the RBNZ’s cautious OCR approach and pause on cuts this month is the full impact of the large interest rate reductions over the past year is yet to be felt.  

Significant number of borrowers still hanging out for OCR cuts

Even though the OCR didn’t budge yesterday, a sizeable chunk of mortgage holders are expected to keep fixing at floating rates in the hope there will be further cuts.

Mortgage rates may have bottomed already as RBNZ holds OCR

While there’s debate within the Reserve Bank’s monetary policy committee about where interest rates are headed, mortgage rates have either bottomed already or have only a little further to fall, says Kiwibank chief economist Jarrod Kerr.

[BREAKING NEWS] What the RBNZ said today about interest rates

The Monetary Policy Committee today agreed to hold the Official Cash Rate at 3.25%. Here's why in its own words.

Today's Rate Changes
  • Big, fat beautiful fees

    Banks are charging fintechs for access to customer data under open banking, a move Sam Stubbs says will stifle competition and protect bank profits at the cost of innovation. [READ ON]


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Property News

Leaving last year's stumbling housing market behind

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

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

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

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

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 Finance anoints new national sales manager

Avanti business development manager promoted to role of national sales manager.

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KiwiSaver News

KiwiSaver is the future of financial advice: Bascand

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

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.

Generate KiwiSaver customers most satisfied

Generate KiwiSaver customers most satisfied

Boutique providers have taken out the top spots in Consumer New Zealand’s KiwiSaver survey with Generate awarded People’s Choice.