Advisers share top concerns

Tightening credit, bullish investors pushing FHBs out of the market, and demand outweighing supply in the housing market are key concerns for advisers according to a survey conducted by leading economist Tony Alexander.

Reserve Bank reveals new capital rules

Banks will be forced to raise close to $20 billion in extra capital to comply with the Reserve Bank's new requirements, the central bank revealed today.

OCR to trough at 0.75%: ASB

ASB has changed its official cash rate forecast and now predicts the Reserve Bank will cut rates by just 25 basis points in 2020.

Advisers face New Year cash squeeze: Prospa

Non-bank lender Prospa has launched an offer to help mortgage advisers with cash flow issues through the quiet January period.

Finance clause change to hit home buyers: REINZ

Home buyers will no longer be able to use a finance clause to pull out of a property purchase without proof, the Real Estate Institute of New Zealand has warned.  

Rate cuts continue despite RBNZ decision

Lenders continue to cut mortgage rates as the property market heads into the summer, despite the Reserve Bank's decision to keep the official cash rate on hold. 

More stories
  • LVR speed limits kept on hold

    The Reserve Bank has kept LVR speed limits on hold amid fears low interest rates "could lead to a resurgence in higher-risk lending".

  • Investor lending on the increase

    Latest Reserve Bank data shows Investor lending jumped to its highest level for over a year in October, as overall lending soared last month. 

  • LVR restrictions to stay put: Westpac

    Westpac economists believe the Reserve Bank will keep LVR speed limits at their current levels, amid fears over house price stability.

  • NZCU Baywide buys Co-op Money NZ

    Credit union NZCU Baywide has acquired Co-op Money NZ, the supplier of infrastructure and banking services to the nation's credit unions and building societies.

  • Assets rise, losses narrow at General Capital

    The parent group of non-bank General Finance saw a sharp increase in total assets and revenue over the first six months of the year, but made a loss over the half year period.

  • Westpac plans turnaround time overhaul

    Westpac has introduced a new mortgage approval system to cut turnaround times, sending loan applications to local branches for completion.