Mortgages
ASB economists estimate that average household living costs will have increased by about $115 a week in 2023 - and with a further $70 hike to come next year, but income rises will probably beat that
7th Dec 23, 10:30am
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ASB economists estimate that average household living costs will have increased by about $115 a week in 2023 - and with a further $70 hike to come next year, but income rises will probably beat that
Latest Reserve Bank figures show 18 month fixed term mortgages are suddenly seeing increased popularity, while one-year terms are becoming less popular
5th Dec 23, 3:49pm
22
Latest Reserve Bank figures show 18 month fixed term mortgages are suddenly seeing increased popularity, while one-year terms are becoming less popular
SBS Bank's consumer lending subsidiary Finance Now lifts lending above $1 billion for the first time
1st Dec 23, 11:38am
SBS Bank's consumer lending subsidiary Finance Now lifts lending above $1 billion for the first time
Latest RBNZ figures show a $71 million rise in non-performing housing loans during October, while across the whole banking system there was a rise of $237 million in non-performing loans
30th Nov 23, 4:14pm
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Latest RBNZ figures show a $71 million rise in non-performing housing loans during October, while across the whole banking system there was a rise of $237 million in non-performing loans
Latest RBNZ figures show first home buyers remain active in the market, while the long sleeping investors may just be showing signs of stirring
27th Nov 23, 12:01pm
18
Latest RBNZ figures show first home buyers remain active in the market, while the long sleeping investors may just be showing signs of stirring
Westpac adds to the sense the home loan market may be about to u-turn and start offering lower fixed rates
23rd Nov 23, 5:15pm
27
Westpac adds to the sense the home loan market may be about to u-turn and start offering lower fixed rates
Kiwibank economists say households are showing few signs of financial stress in the face of higher interest rates, but 'a lot hinges on the labour market'
16th Nov 23, 1:03pm
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Kiwibank economists say households are showing few signs of financial stress in the face of higher interest rates, but 'a lot hinges on the labour market'
Latest quarterly Reserve Bank figures show that ahead of the possible introduction of debt to income restrictions next year, new buyers are, in any case, mostly borrowing on low DTI ratios
14th Nov 23, 3:51pm
31
Latest quarterly Reserve Bank figures show that ahead of the possible introduction of debt to income restrictions next year, new buyers are, in any case, mostly borrowing on low DTI ratios
[updated]
ANZ NZ annual profit holds above $2b despite higher loan impairments, CEO expects more stress among businesses & mortgage holders
13th Nov 23, 10:16am
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ANZ NZ annual profit holds above $2b despite higher loan impairments, CEO expects more stress among businesses & mortgage holders
CEO Dan Huggins says BNZ's home loan and deposit market share growth suggests its customers are happy, as annual profit & net interest margin surge
11th Nov 23, 9:15am
6
CEO Dan Huggins says BNZ's home loan and deposit market share growth suggests its customers are happy, as annual profit & net interest margin surge
[updated]
BNZ annual profit tops $1.5 billion led by increase in net interest income
RBNZ sees 'minimal impact' on wider public from tougher rules on banks operating in NZ as branches of overseas banks, touts 'onshoring' effect
8th Nov 23, 11:07am
RBNZ sees 'minimal impact' on wider public from tougher rules on banks operating in NZ as branches of overseas banks, touts 'onshoring' effect
Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime
7th Nov 23, 9:16am
Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime
Latest Reserve Bank figures show that fixed term mortgages have gained their highest share of the total new mortgage monies advanced on record
6th Nov 23, 3:56pm
5
Latest Reserve Bank figures show that fixed term mortgages have gained their highest share of the total new mortgage monies advanced on record
[updated]
Westpac New Zealand annual profit falls as expenses, loan impairments rise. Net interest margin increases
6th Nov 23, 10:27am
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Westpac New Zealand annual profit falls as expenses, loan impairments rise. Net interest margin increases
Credit bureau Centrix says company liquidations are on the rise, with credit defaults climbing 'across the board' in September
1st Nov 23, 5:00am
4
Credit bureau Centrix says company liquidations are on the rise, with credit defaults climbing 'across the board' in September
Latest RBNZ figures show just a small rise in overall non-performing housing loans in September - though separately there was a noteworthy rise in consumer borrowing
31st Oct 23, 4:26pm
6
Latest RBNZ figures show just a small rise in overall non-performing housing loans in September - though separately there was a noteworthy rise in consumer borrowing
The Red Bank raises fixed home loan rates across the board, and tweaks two short-term term deposit rates higher, moving up into rate space provided earlier by ASB and other rivals
30th Oct 23, 4:52pm
13
The Red Bank raises fixed home loan rates across the board, and tweaks two short-term term deposit rates higher, moving up into rate space provided earlier by ASB and other rivals
Latest RBNZ figures show New Zealanders' interest bill on mortgages topped $4.6 billion in the September quarter, putting us on target to pay well north of $17 billion to the banks in mortgage interest for the full 2023 year
26th Oct 23, 3:26pm
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Latest RBNZ figures show New Zealanders' interest bill on mortgages topped $4.6 billion in the September quarter, putting us on target to pay well north of $17 billion to the banks in mortgage interest for the full 2023 year
[updated]
ANZ raises home loan rates along with term deposit rates, finally catching up with ASB, but opening up same carded differences with other main rivals
24th Oct 23, 5:53pm
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ANZ raises home loan rates along with term deposit rates, finally catching up with ASB, but opening up same carded differences with other main rivals
Banks are telling the Reserve Bank 'a more significant increase' in investor demand for residential mortgages may occur in the next six months if interest deductibility on rental properties is reintroduced
24th Oct 23, 12:16pm
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Banks are telling the Reserve Bank 'a more significant increase' in investor demand for residential mortgages may occur in the next six months if interest deductibility on rental properties is reintroduced
Inflation has fallen by far more than anybody expected, despite surging fuel costs, which suggests the Reserve Bank's interest rate rises of the recent past are working
17th Oct 23, 11:22am
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Inflation has fallen by far more than anybody expected, despite surging fuel costs, which suggests the Reserve Bank's interest rate rises of the recent past are working
[updated]
Heartland Bank raises more home loan rates, whittling back much of its rate advantage. It also unveils a 5% digital call account, besting most other call account offers
16th Oct 23, 11:39am
Heartland Bank raises more home loan rates, whittling back much of its rate advantage. It also unveils a 5% digital call account, besting most other call account offers
NZ Banking Association figures show while many mortgage holders remain ahead with repayments, 1.4% are behind, while over 9000 bank customers applied for hardship status
12th Oct 23, 7:40am
20
NZ Banking Association figures show while many mortgage holders remain ahead with repayments, 1.4% are behind, while over 9000 bank customers applied for hardship status
Latest Reserve Bank figures show that while small in total, the amount of mortgage money taken out for five-year fixed terms nearly doubled in August
5th Oct 23, 3:55pm
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Latest Reserve Bank figures show that while small in total, the amount of mortgage money taken out for five-year fixed terms nearly doubled in August