First home buyers back in action

The Reserve Bank’s latest mortgage data shows first home buyers' share of new mortgages in April rose to 24.2% – the highest share on record.

SBS home loans, redeemable share dividends, jump as profits fall

SBS Bank’s annual net profit fell nearly 15%, reflecting a big jump in dividends on its redeemable shares and a more than doubling of charges against profit for bad debts.

Huge chunk of income needed for average house

Auckland households need to earn a whopping $219,000 to repay the mortgage and avoid financial stress.

Not over yet

A further rise in the OCR is being predicted for the end of the year by ANZ.

RBNZ details eased LVR restrictions

The Reserve Bank has confirmed its proposal to ease mortgage loan-to-value ratio (LVR) restrictions.

RBNZ's Orr says committee isn't divided

Reserve Bank governor Adrian Orr rejected the suggestion by Act Party leader David Seymour that the monetary policy committee (MPC) is divided.

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