Property

Latest News

ASB March quarter profit up 21%

ASB posts 21% rise in unaudited March quarter profit to NZ$160 mln as impairments fall; Big drop in home loans with loan-to-valuation ratios over 90% explained

BNZ's high LVR mortgages up again

BNZ grows residential mortgages with loan-to-valuation ratios above 80% in March quarter

ASB cuts 6, 18 mth mortgage rates

ASB cutting 6 and 18 month fixed-term mortgage rates with 6-month rate down to 5.25%

Higher result for property investor

NPT lifts earnings on Christchurch insurance payout

Property investor reports flat results after major adjustment

Argosy annual earnings flat, no change in forecast dividend for 2013

Home loan easier to afford as house prices edge down: Roost

Home loan affordability improves in April, and the competitive mortgage market improves the outlook the latest Roost report shows

Big new property syndicator born

Property syndicators KCL Group and Commercial Investment Properties combine to form entity with about NZ$800 mln of assets

HSBC, Co-op Bank latest to cut

Updated
HSBC and the Co-operative Bank both cut some advertised fixed-term mortgage rates and some term deposit rates

English wants more house builds

Updated
Finance Minister English welcomes jump in investor confidence for rental property if it means more house building; Doesn't see bubble

Never a dull moment for the NZ$

HiFX's Dan Bell reviews the NZ$ slide to six month lows in line with fear about a gathering European crisis and slowing Chinese growth

Property charts