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.

RBNZ urged to lower OCR to counter oil price shock recession

While the country’s major banks’ economists expect the RBNZ to look through the initial effects of the Iran war and higher oil prices on inflation and to hold the OCR at 2.25% at its Monetary Policy Review tomorrow, Staircase Financial Management research head Kieran Trass says now is the time to cut the OCR when the oil shock is about to push up costs.

Billions in wealth lost during one of the severest housing corrections

Homeowners have lost $570 billion in real wealth since the end of 2021 in one of the biggest peacetime housing falls, John Bolton, Squirrel Mortgages founder and group head of property finance reckons.

Today's Rate Changes

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Property News

New rules for meth contaminated houses

New rules for meth contaminated houses

REINZ welcomes regulation of methamphetamine contamination in rental housing.

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.

Top Mortgage Rates

Unity First Home Buyer special 3.95
SBS FirstHome Combo 3.99
SBS Bank Special 4.49
TSB Special 4.49
Unity Special 4.49
Co-operative Bank - First Home Special 4.49
ICBC 4.49
Kiwibank Special 4.59
Co-operative Bank - Owner Occ 4.59
Kainga Ora 4.59
ASB Bank 4.59
BNZ - Std 4.89
Kiwibank Special 4.89
Unity Special 4.89
ICBC 4.89
China Construction Bank 4.95
Kainga Ora 4.95
ASB Bank 5.09
SBS Bank Special 5.09
ANZ Special 5.09
TSB Special 5.09
AIA - Go Home Loans 5.09
Westpac Special 5.59
ICBC 5.65
SBS Bank Special 5.69
Kainga Ora 5.69
ASB Bank 5.69
TSB Special 5.69
AIA - Go Home Loans 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 - Owner Occ 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.75
TSB Special 5.79
Unity Standard 5.79
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People News

New BDM at FMT

New BDM at FMT

FMT adds Tauranga-based BDM

Loan Market adviser becomes RM

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

Cressida adds to its team

Specialist lender Cressida Capital has appointed a new property finance analyst.

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KiwiSaver News

Industry wary of KiwiSaver changes

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?

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.

Political parties given outline of KiwiSaver 2.0

Political parties given outline of KiwiSaver 2.0

Director and investor Fraser Whineray has delivered his plan for “KiwiSaver 2.0” to political parties this week.