News

New RBNZ Governor announced

NZ Super Fund CEO Adrian Orr will be the new Reserve Bank Governor from 27 March 2018, Finance Minister Grant Robertson announced today.


Inflation problem for RBNZ

If inflation doesn’t pick up by late 2018 interest rate cuts could again be on the cards, according to the Reserve Bank.

LVR changes won’t prompt market frenzy

The Reserve Bank’s easing of the LVRs could give some upward momentum to house prices but economists are not expecting the market to take off again.

Westpac ups rental income allowance

Changes to Westpac’s qualifying income assessments mean that investors will now be able to claim 80% of their rental income as part of their income calculation.

RESIMAC turns five

Lending times have changed and, in its five years in New Zealand, RESIMAC has embraced those changes and thrived.

Today's Rate Changes
  • Ups and downs to end the week

    We've had two banks makes changes to rates. The Co-operative Bank has taken 16 basis points of both its four and five year rates.

    ASB, and Sovereign, have made changes to six terms. The one-year rate has risen, while there have been cuts to all terms longer than a year. Some put them into competitive pricing positions. To see how the table stacks up on the critical two-year term CLICK HERE

    Important news for advisers: Parliament sent the new financial adviser law reform package to Select Committee. [READ ON]


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.