ANZ goes out on a limb and predicts three OCR rises this year
The country’s biggest bank and home loan lender is now predicting three 0.25% OCR rises this year, taking the official cash rate to 3%.
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New fund range answers adviser call for flexible KiwiSaver alternative
Booster’s Wealth Series is the Wellington-based fund manager’s answer for investors looking to combine a level of active management with competitive value. MORE »
Moneta: Strengthening KiwiSaver advice with digital tools from OMNIMax
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Mortgage enquiries sink as war drags on and interest rates rise
High fuel prices because of the US and Israel war with Iran, rising interest rates, an increase in banks’ servicing test rates, election year wobbles and general uncertainty over the economy have meant a noticeable drop in mortgage enquiries.
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.
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New rules for meth contaminated houses
REINZ welcomes regulation of methamphetamine contamination in rental housing.
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
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 |
| ICBC | 4.49 |
| Co-operative Bank - First Home Special | 4.49 |
| TSB Special | 4.49 |
| Unity Special | 4.49 |
| Kiwibank Special | 4.59 |
| Kainga Ora | 4.59 |
| BNZ - Std | 4.59 |
| Westpac Special | 4.59 |
| Unity Special | 4.89 |
| Kiwibank Special | 4.89 |
| BNZ - Std | 4.89 |
| ICBC | 4.89 |
| China Construction Bank | 4.95 |
| Kainga Ora | 4.95 |
| ANZ Special | 5.09 |
| ASB Bank | 5.09 |
| AIA - Go Home Loans | 5.09 |
| TSB Special | 5.09 |
| SBS Bank Special | 5.09 |
| Westpac Special | 5.59 |
| ICBC | 5.65 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Kainga Ora | 5.69 |
| ASB Bank | 5.69 |
| AIA - Go Home Loans | 5.69 |
| BNZ - Std | 5.79 |
| Co-operative Bank - Owner Occ | 5.89 |
| Kiwibank Special | 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 |
| 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 |
| TSB Special | 5.79 |
| Kainga Ora | 5.79 |
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New BDM at FMT
FMT adds Tauranga-based BDM
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
Specialist lender Cressida Capital has appointed a new property finance analyst.
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KiwiSaver News
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?
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
Director and investor Fraser Whineray has delivered his plan for “KiwiSaver 2.0” to political parties this week.
ANZ predicts three OCR rises this year
Yep, you read that correctly. Three OCR increases before the end of the year. Here is ANZ's thinking