News

Reserve Bank's housing market fears

Recent entrants to the housing market are vulnerable to rising interest rates, and 5% home loans could swallow up 50% of new buyers' household income, according to the Reserve Bank.



ANZ sees manic lending in first half of year

ANZ has seen manic home loan volumes and mortgage advisers are accounting for a greater share of its business.

Reserve Bank fires warning over risky mortgage lending

The Reserve Bank has warned that "a high proportion" of recent mortgage lending has had high debt-to-income and LVR ratios, making borrowers more vulnerable.

Home lending drives ANZ profit

ANZ New Zealand saw post-tax profits rise by 42% in the half-year to March, underpinned by a buoyant housing market and strong home lending book.

NZ banks in strong shape

New Zealand lenders bounced back from the pandemic to increase profits by 35.1% quarter-on-quarter in the three months to December.

Today's Rate Changes
  • Mortgage adviser share grows at ANZ; Co-op and TSB rate changes

    ANZ has seen manic home loan volumes and mortgage advisers are accounting for a greater share of its business: [READ ON]

    More rate changes today. The Co-operative Bank has sharpened six-month and one-year fixed home loans, while raising rates on five year terms.

    TSB has raised four and five year interest rates. 

    See all the latest rates here.


Property News

Landlords taking time to think

Landlords taking time to think

Data is starting to show property investors are pulling back from buying existing houses.

Rent controls not the answer

Rent controls not the answer

Pressure to introduce rent controls is growing, but all it will lead to is fewer rental homes on the market, the New Zealand Initiative concludes.

Sales to drop keeping values rising

Sales to drop keeping values rising

Despite record-low listings, property values and sales rose rapidly through the first quarter of this year, a new CoreLogic report shows.