New Zealand’s tax system suits an ‘accrued’ capital gains tax not wealth tax, expert Michael Keen tells Treasury during public lecture

Here are the key changes to know about in the New Zealand equity market; NZX50 falls -0.9% with losses from Infratil, Meridian, Ryman, and Vector leading declines, Briscoes, Heartland, Air NZ, and Turner's are the top gainers

Investors are facing some lacklustre returns from residential property in the absence of capital gains

Banks with strong or rising home loan market share have a common trait - they prioritise broker channels. But because that is costly, they can no longer offer lower interest rates to borrowers