Kiwibank reports best ever results

Kiwibank has reported its best ever results and mortgage advisers played a significant part in achieving it.

RBNZ sounds a confident note on inflation

The Reserve Bank says it is getting on top of the inflation and expects significant progress by the end of next year.

OCR up again: Ongoing monetary tightening

The Reserve Bank explains why it has increased the official cash rate 50 basis points.

Big rise in costs for home owners; Non-banks eating into big banks

Mortgage advisers have been given startling estimates of huge costs facing young homeowners as interest rates rise.

Today's Rate Changes

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Property News

Land supply restrictions main cause of rampant house prices

Land supply restrictions main cause of rampant house prices

A key Government working group says a combination of a global fall in interest rates, the tax system, and restrictions on the supply of land for urban use were the main cause of higher house prices across the country over the past 20 years

House profits dropping and some owners in negative equity

House profits dropping and some owners in negative equity

More houses sold at a loss for the second quarter in a row, CoreLogic’s latest Pain & Gain report shows.

Rent freeze suggested to private landlords’ surprise

Rent freeze suggested to private landlords’ surprise

The Human Rights Commission wants an immediate freeze on rent increases and an increase in the accommodation supplement because of the cost-of-living crisis.

Top Mortgage Rates

Heartland Bank - Online 4.79
ICBC 4.79
TSB Special 4.85
Co-operative Bank - First Home Special 4.89
SBS Bank Special 4.89
Westpac Special 4.95
Kiwibank Special 4.95
BNZ - Classic 4.95
Co-operative Bank - Owner Occ 4.99
ASB Bank 4.99
ANZ Special 4.99
Heartland Bank - Online 5.15
ICBC 5.15
TSB Special 5.29
SBS Bank Special 5.29
HSBC Premier 5.34
BNZ - Classic 5.39
Co-operative Bank - Owner Occ 5.39
Westpac Special 5.45
Kiwibank Special 5.45
AIA 5.45
ANZ Special 5.45
TSB Special 5.69
SBS Bank Special 5.79
ASB Bank 5.79
Co-operative Bank - Owner Occ 5.89
BNZ - Classic 5.99
Kiwibank Special 5.99
ICBC 5.99
Westpac Special 6.09
SBS Bank 6.29
HSBC Premier 6.39
Co-operative Bank - Standard 6.39
Heartland Bank - Online 4.60
Pepper Money 5.29
Liberty 5.34
Resimac 5.59
Unity 5.65
First Credit Union Special 5.85
Kainga Ora 5.85
Westforce credit union - Standard 5.85
Credit Union Auckland 5.95
ICBC 6.00
Kiwibank 6.00
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People News

First Mortgage Trust makes two key appointments

First Mortgage Trust makes two key appointments

Tauranga-based First Mortgage Trust (FMT) has made two key appointments to help expand its lending footprint.

Mike Pero mortgages hires more people

Mike Pero mortgages hires more people

The franchised network Mike Pero Mortgages has been steadily increasing its team of advisers all year.

New BDM for Financial Advice NZ

New BDM for Financial Advice NZ

Financial Advice New Zealand has a new Business Development Manager (BDM).

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KiwiSaver News

$6.3 billion wiped off KiwiSaver

$6.3 billion wiped off KiwiSaver

Morningstar reveals another bad quarter for KiwiSaver funds.

A cluster of ‘modest’ accounts: what KiwiSaver balances really look like

A cluster of ‘modest’ accounts: what KiwiSaver balances really look like

In what’s believed to be an industry first, the NZ Society of Actuaries has produced a report that analyses account-level data for a large segment of the KiwiSaver market.

Financial Services Council defends KiwiSaver after criticism

Financial Services Council defends KiwiSaver after criticism

The finance industry says it is improving the KiwiSaver system but it is a work in progress.