Blackwell eyes gap in market with new funding line

A NZX-listed trading house with links to the old NZ Finance begins lending in New Zealand, particularly on Auckland residential properties.

Prison sentence for mortgage fraudster

Involvement in a $50 million mortgage fraud scheme has earned an Auckland property developer nearly five years in prison.

Low interest rates set to continue

Interest rates look set to remain low for a considerable amount of time following the Reserve Bank’s Monetary Policy Statement (MPS) and OCR call this morning.

What the Reserve Bank said today

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75%.

Today's Rate Changes

My Opinion

Adding revenue streams to your business

This week we have seen a little movement in home loan rates, but we would have to stress it is only little. With the Reserve Bank loosening, ever so slightly, its LVR restrictions it will be interesting to see if that generates a little more activity from lenders.