OCR rise tipped for second half of this year
The NZIER monetary policy shadow board says the RBNZ should start raising the OCR in the second half of this year.
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TAP moves away from traditional aggregation
The Adviser Platform (TAP) is moving away from being a traditional aggregator to opening up its services to anyone in the market.
FAMNZ boss leaves
The head of adviser association, FAMNZ, is hanging up his shingle leaving the New Zealand seven months after the country head resigned.
Predictions for next week's OCR announcement
OCR expected to be held at 2.25% at first review of the year.
ASB accelerates mortgage lending and profit margins
ASB Bank continued to accelerate its mortgage lending at above its market share in the six months ended December and managed to lift its profit margin as well.
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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 | 3.99 |
| SBS FirstHome Combo | 3.99 |
| ICBC | 4.25 |
| TSB Special | 4.39 |
| Co-operative Bank - First Home Special | 4.39 |
| Kainga Ora | 4.49 |
| Kiwibank Special | 4.49 |
| SBS Bank Special | 4.49 |
| Unity Special | 4.49 |
| Westpac Special | 4.49 |
| ANZ Special | 4.49 |
| Kainga Ora | 4.49 |
| ICBC | 4.59 |
| Nelson Building Society | 4.67 |
| ANZ Special | 4.69 |
| Unity Special | 4.69 |
| BNZ - Std | 4.69 |
| Wairarapa Building Society | 4.79 |
| SBS Bank Special | 4.89 |
| Kiwibank Special | 4.89 |
| Westpac Special | 4.89 |
| TSB Special | 4.89 |
| ICBC | 4.99 |
| Kainga Ora | 5.15 |
| Westpac Special | 5.49 |
| BNZ - Std | 5.69 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| AIA - Go Home Loans | 5.69 |
| ASB Bank | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| Kiwibank Special | 5.79 |
| ANZ | 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 | 5.65 |
| Kiwibank - Offset | 5.65 |
| Kainga Ora | 5.69 |
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People News
Jack Patel back on the tools
Jack Patel has taken on a new role as business development manager with a specialist non-bank lender.
New national director for NZFSG
As part of a restructure NZFSG has appointed a new National Director.
Prasad shifts to Pepper Money
Experienced business development manager Ashlene Prasad has left CFML Loans to join Pepper Money as a senior BDM.
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KiwiSaver News
Low-fee KiwiSaver providers to the fore in Morningstar survey
Kernel is celebrating taking the top spot for the high-growth and cash categories in its first three full years.
Should KiwiSaver hardship applications be centralised?
KiwiSaver withdrawal numbers are up, but it’s not an easy process to go through, one adviser says.
KiwiSaver providers hope for political accord
KiwiSaver providers are hoping this is the year that politicians can work together on a better future for the retirement savings scheme. It is shaping up to be an election issue.
It's the big day today; What will the new RBNZ gov do?
Later today the Reserve Bank will make its first OCR call since November and the first under the command of governor Anna Brennan. We will have full coverage this afternoon.
In the meantime here is what the NZIER Shadow Board members are thinking. [Have a read here].
On a totally different note, Jack Patel has joined a significant non-bank leader. [Details here]