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.
KiwiSaver had always been part of client conversations at Moneta. But as compliance expectations increased and clients began expecting faster, clearer, and more digital experiences, the team saw an opportunity to enhance the way they delivered KiwiSaver advice. MORE »
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.
KAN's tipoff to the Financial Markets Authority leads to mortgage adviser having his FAP licence cancelled.
BNZ is upping competition between banks by paying the legal fees of homeowners who switch their mortgages to the bank.
Just 22.3% of the $6.6 billion borrowed in new mortgages during February was for a change of loan provider – the lowest since January last year, the latest Reserve Bank figures show.
REINZ welcomes regulation of methamphetamine contamination in rental housing.
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.
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.
| 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 |
| SBS Bank Special | 4.89 |
| BNZ - Std | 4.89 |
| China Construction Bank | 4.95 |
| Kainga Ora | 4.95 |
| Nelson Building Society | 5.09 |
| TSB Special | 5.09 |
| AIA - Go Home Loans | 5.09 |
| ANZ Special | 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 |
FMT adds Tauranga-based BDM
Loan Market adviser Ryan Amoore has shifted to the corporate team as a Regional Manager.
Specialist lender Cressida Capital has appointed a new property finance analyst.
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.
Director and investor Fraser Whineray has delivered his plan for “KiwiSaver 2.0” to political parties this week.
Generate says providing advice on KiwiSaver can help create “a moat” around an adviser’s business.
Big newsletter today: Top mortgage advisers; BNZ's new switching play; KAN dobs in adviser to FMA
With so much going on this is a much bigger newsletter than usual.
First up a big congrats to Josh Bronkhorst for being recognised by FANZ for his long involvement with financial advisers and helping to grow professionalism in the industry.
Also a shoutout to NZFSG/Loan Market for their work in community support.
You can read more about their awards and others who were recognised at last week's FANZ conference here.
BNZ has started a new game to win mortgage switches. We'd love to know you thoughts on this.
Read the story here.
Send us an email here.
The FMA has cancelled the FAP Licence of a mortgage adviser after being dobbed in by KAN. See what he did here.