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A review of things you need to know before you go home on Friday; mortgage rate changes, higher credit card use, lower balances, credit conditions easier, swaps stable, NZD soft, bitcoin slumps, & more
Beefed up RBNZ bank failure powers under the incoming Deposit Takers Act to include statutory bail-in and statutory management
Home loan heavyweight ASB trims some short-term fixed rates and raises some longer-term fixed mortgage rates as background wholesale rates shift under varying influences. Westpac follows
The opening bid for a waterfront apartment in downtown Auckland was just $500 and it sold under the hammer for $5000
Current market conditions make moving up the property ladder an extremely affordable proposition for existing home owners, Interest.co.nz's Home Loan Affordability Report shows