News

Why was Westpac slow in passing on OCR cut?

Westpac gave an apparently contradictory answer as to why it was so slow to pass on the Reserve Bank’s interest rate cut last month to parliament’s finance and expenditure committee’s banking inquiry.


Mortgage borrowers switching to new lenders continues at a steady pace

Switching to a new loan provider is still proving popular for mortgage borrowers.

Aggregators putting the pressure on - NZFSG

The country’s biggest adviser network NZFSG says banks are acutely aware of pain points for advisers.

Aggregators should be pushing back on banks

Mortgage advisers have a lot more power than they realise when it comes to banks pushing out mortgage application times.

Differing messages on the economy

While the economy took its first step into recovery and ended 2024 on a better note, there are still pockets of significant weakness.

Cashbacks rather an interest rates the fight for banks

Compared to other countries, New Zealand’s banks infighting is mainly on cashbacks rather than interest rates in the mortgage sector.

Four decades of 6-7% yearly house price growth ending

New Zealander’s reliance on property capital gains in the mid-single digits is at an end.

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