Economist Tony Alexander doesn’t believe the RBNZ will keep the OCR at 5.50% or higher through to the middle of 2025, even though the central bank is forecasting a possible further hike next year.
A Q&A with Greg Boland Chief Strategy Officer, Tiger Brokers. MORE »
The Generate KiwiSaver Scheme has committed to a USD25 million investment with CIM Group, a Los Angeles-based real estate and infrastructure owner, operator, lender and developer, to invest in mid-market North American infrastructure, in sectors including renewable energy, data centres, waste to renewable energy and social infrastructure, alongside a USD7.5 million investment into Novva Data Centers - a U.S.-based data centre company with ambitious growth plans. MORE »
First Sentier Investors Global Listed Infrastructure Portfolio Manager Rebecca Sherlock discusses the energy trilemma of trying to balance affordability, sustainability and reliability when we set energy policy. MORE »
Those bearing the brunt of rising mortgage rates can blame the impact of record net immigration for interest rates remaining high into 2025 before they're likely to see any relief.
The Reserve Bank left its official cash rate (OCR) unchanged at 5.5% and said “ a prolonged period of subdued activity is required to reduce inflationary pressure.”
The Reserve Bank has held the official cash rate at 5.50% but warns it could rise.
If ever there was a law designed to do good but in need of a rewrite, it is the CCCFA.
The Reserve Bank left its official cash rate (OCR) unchanged at 5.5% and said “ a prolonged period of subdued activity is required to reduce inflationary pressure.” [READ ON]
Those bearing the brunt of rising mortgage rates can blame the impact of record net immigration for interest rates remaining high into 2025 before they're likely to see any relief. [READ ON]
TMM is doing its annual survey of mortgage advisers and we would like you to take part in it. The survey is your opportunity to tell us about the state of the mortgage advice market. To complete the survey CLICK HERE
Prospa is holding a working lunch tomorrow at Saint Alice (Auckland Viaduct).
To join Prospa team and industry colleagues please click here.
Are you a mortgage adviser who wants to offer more than a good rate to your clients?
TMM - The MagazineSubscribe
The Residential Property Managers Association (RPMA) wants a completely new property managers bill and is hoping to meet with Housing Minister Chris Bishop shortly to get work underway.
ANZ is predicting house prices to fall 0.4% over the rest of the year, versus the 0.2% rise it had previously forecast.
The newly formed Coalition Government is getting right down to work and it means quite a bit for the property sector.
Top Mortgage Rates
|Heartland Bank - Online||6.99|
|SBS FirstHome Combo||7.05|
|China Construction Bank||7.09|
|Co-operative Bank - First Home Special||7.10|
|Wairarapa Building Society||7.15|
|Co-operative Bank - Owner Occ||7.30|
|BNZ - Classic||7.35|
|China Construction Bank||6.75|
|Heartland Bank - Online||6.85|
|Wairarapa Building Society||6.94|
|AIA - Go Home Loans||7.05|
|Co-operative Bank - Owner Occ||7.05|
|BNZ - Classic||7.05|
|China Construction Bank||6.40|
|AIA - Go Home Loans||6.69|
|BNZ - Classic||6.75|
|SBS Bank Special||6.79|
|Co-operative Bank - Owner Occ||6.85|
|AIA - Back My Build||6.19|
|SBS FirstHome Combo||6.19|
|ANZ Blueprint to Build||7.39|
|Credit Union Auckland||7.70|
|Heartland Bank - Online||7.99|
|Pepper Money Essential||8.29|
|Co-operative Bank - Standard||8.40|
|Co-operative Bank - Owner Occ||8.40|
|First Credit Union Standard||8.50|
Avanti Finance has appointed a new general manager to its auto business.
Liberty adds a new underwriter, promotes a former underwriter to a BDM role and secures a specialist property lender from another non-bank.
NZ Home Loans has appointed a new group general manager strategy to help grow the business.
Sharesies has launched its KiwiSaver scheme to the general public having given access to its 31,000 wait-listed Sharesies members last week.
KiwiSaver has finally hit a speed bump shrinking for the first time to end the September quarter at $96.2 billion. That’s down around $2 billion from June.
With an average balance of more than $120,000, KiwiWrap is way ahead of other KiwiSaver providers, although it has under 300 members.