Australian non-bank lender set to return to NZ

One of the bigger non-bank lenders before the GFC is set to return to New Zealand.

Growth outlook overshadows OCR call

New Zealand’s lower economic growth was acknowledged by the Reserve Bank in its OCR statement today – which means there's a chance their next call could be more doveish.

RBNZ announces OCR decision

Acting governor Grant Spencer reveals what was behind the Reserve Bank's decision.

ASB keeps ownership of Sovereign Home Loans

Although Commonwealth Bank has sold Sovereign to AIA, the insurer’s $7 billion home loan book isn’t part of the deal.

Caution to dictate OCR call this week

Uncertainty is bubbling beneath the surface of monetary policy but, despite this, economists expect the Reserve Bank to leave the OCR on hold at 1.75% this week.

Election 2017: the housing round up

It’s been a dramatic election campaign this year, with National and Labour now racing neck and neck to the finish line this Saturday. So here’s our guide to what the parties are promising on the housing front.

More stories
  • No case to end LVRs – S&P

    There is no case for the Reserve Bank to relax the LVRs as the housing market remains a risk to New Zealand’s banking system, according to Standard & Poors.

  • HomeStart boost could drive prices up

    The National Party has promised to increase the funds available to first home buyers under the HomeStart grant but critics say that will simply drive up house prices.

  • Ex BNZ worker admits mortgage fraud

    A former BNZ mobile mortgage manager has admitted to dishonestly using bank documents to obtain more than $1.5 million in loans for two properties.

  • MPM takes former franchisee to court

    Mike Pero Mortgages is taking one of its former franchise owners back to the High Court to try to get an order that he has acted in contempt of court.

  • Kiwibank's IT work-in-progress proves costly

    Kiwibank’s profit has tumbled more than 50%, largely due to an impairment charge relating to an IT project that may fail to keep up with the pace of customer behaviour change.

  • Avanti's new business reaches out to SMEs

    Avanti Finance subsidiary GetCapital has diversified its range with two new funding products for working capital and equipment purchase which are aimed at SMEs.

  • LVRs still needed - RBNZ

    The Reserve Bank’s LVRs are not expected to be a permanent measure but they are not going to be removed in the near future, outgoing Governor Graeme Wheeler said in a speech today.

  • Softer market better time to buy

    Good news for advisers: softer price growth is starting to improve perceptions of whether it is a bad time to buy a house, a new survey suggests.

  • Investor lending exodus

    It is investors, not first home buyers, who are bearing the brunt of the LVRs and retreating from the borrowing arena, new Reserve Bank data shows.

  • LVRs are not going anywhere

    There is no compelling case to roll back the Reserve Bank’s LVRs despite the slowing of the housing market, according to Westpac economists.

  • PM rules out DTI ratio idea

    Prime Minister Bill English has ruled out allowing the Reserve Bank to bring in debt-to-income ratios. It had suggested limiting loans to no more than five times borrowers’ incomes.

  • No dovish nod to future for RBNZ

    The Reserve Bank’s OCR statement made it clear hikes are a long way off but its tone was still far less dovish than economists were expecting.