Can the NZ economy grow while house prices stagnate?
The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue.
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OCR increase labelled a reduction in monetary stimulus
The Reserve Bank raised its official cash rate (OCR) to 2.5% from 2.25%, couching the move as “a reduction in monetary stimulus.”
RBNZ pulls the trigger
The Reserve Bank has increased the OCR. Here's what it said.
Fifth drop in amount households spend on interest
The amount households have to spend on interest payments has fallen for a fifth consecutive quarter, despite rising living costs.
Economists’ tune changes to keeping the OCR on hold next week
Keeping the cash rate at 2.25% will be an easy decision for the RBNZ at its OCR meeting next week, Kelly Eckhold, Westpac chief economist says.
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Property News
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 | 4.09 |
| SBS FirstHome Combo | 4.19 |
| ICBC | 4.49 |
| Kainga Ora | 4.59 |
| Co-operative Bank - First Home Special | 4.59 |
| AIA - Go Home Loans | 4.65 |
| ANZ Special | 4.65 |
| ASB Bank | 4.65 |
| TSB Special | 4.69 |
| Co-operative Bank - Owner Occ | 4.69 |
| SBS Bank Special | 4.69 |
| Kainga Ora | 4.95 |
| China Construction Bank | 4.95 |
| ICBC | 4.99 |
| Nelson Building Society | 5.09 |
| Kiwibank Special | 5.19 |
| Westpac Special | 5.19 |
| Co-operative Bank - First Home Special | 5.19 |
| AIA - Go Home Loans | 5.25 |
| ASB Bank | 5.25 |
| TSB Special | 5.25 |
| SBS Bank Special | 5.29 |
| Westpac Special | 5.49 |
| SBS Bank Special | 5.49 |
| BNZ - Std | 5.49 |
| AIA - Go Home Loans | 5.59 |
| ASB Bank | 5.59 |
| ICBC | 5.65 |
| Co-operative Bank - First Home Special | 5.69 |
| Kiwibank Special | 5.69 |
| Kainga Ora | 5.69 |
| Co-operative Bank - Owner Occ | 5.79 |
| TSB Special | 5.99 |
| SBS FirstHome Combo | 3.29 |
| AIA - Back My Build | 3.34 |
| SBS Construction lending for FHB | 3.74 |
| CFML 321 Loans | 4.20 |
| Co-operative Bank - Standard | 4.99 |
| Co-operative Bank - Owner Occ | 4.99 |
| ICBC | 5.39 |
| Kiwibank Special | 5.75 |
| Unity Special | 5.79 |
| Kainga Ora | 5.79 |
| ANZ | 5.79 |
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Introducing CFML's New BDMs: Richard and Ricky
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Small business lender Prospa adds two new Business Development Managers.
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Give Total Rem the flick if KiwiSaver compulsory
KiwiSaver providers want more clarity on how total remuneration packages will be treated with any move towards compulsion.
National plays KiwiSaver card
National is proposing a range of changes to KiwiSaver if it returns to power, including making the scheme compulsory.
Adviser complains about KiwiSaver campaign
[UPDATED - ASB response] A financial adviser worried about ASB’s marketing campaign for its KiwiSaver schemes has taken his complaint to the Financial Markets Authority.
Floating rates rising post OCR increase; What the changing housing market means for prices
Following yesterday's OCR increase rate rises are trickling through for floating and revolving credit products. So far ASB, BNZ, Kiwibank and Westpac have announced increases.
Check out the changes here.
The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue. Here's what we learnt yesterday.