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Personal Finance

Retirement Income Interest Group offers guidelines on how to manage KiwSaver funds in retirement
4th Aug 23, 2:18pm
26
Retirement Income Interest Group offers guidelines on how to manage KiwSaver funds in retirement
BNZ raises its floating mortgage rate in an out-of-cycle shift, as wholesale rates track marginally higher even though the RBNZ hasn't shifted the OCR
2nd Aug 23, 10:25am
18
BNZ raises its floating mortgage rate in an out-of-cycle shift, as wholesale rates track marginally higher even though the RBNZ hasn't shifted the OCR
An unexpected large money windfall might be very welcome but it can also bring a range of worrying issues that will need to be sorted. Lynda Moore suggests ways to navigate them
2nd Aug 23, 9:16am
7
An unexpected large money windfall might be very welcome but it can also bring a range of worrying issues that will need to be sorted. Lynda Moore suggests ways to navigate them
David Hargreaves examines financial statistics for the first six months of the year showing money being 'sucked out' of consumers' pockets both through higher mortgage and deposit rates
2nd Aug 23, 9:11am
28
David Hargreaves examines financial statistics for the first six months of the year showing money being 'sucked out' of consumers' pockets both through higher mortgage and deposit rates
Latest Reserve Bank figures show the total of officially 'impaired' housing loans has now surpassed the peak of the sharp, but brief rise during the pandemic in 2020
1st Aug 23, 1:44pm
20
Latest Reserve Bank figures show the total of officially 'impaired' housing loans has now surpassed the peak of the sharp, but brief rise during the pandemic in 2020
[updated]
Commerce Commission says regulating bank transfers could level playing field for new entrants to offer services for making in-person bank transfers
31st Jul 23, 10:43am
4
Commerce Commission says regulating bank transfers could level playing field for new entrants to offer services for making in-person bank transfers
The RBNZ wants a timetable as Payments NZ starts design work on a real-time payments system
27th Jul 23, 5:58pm
15
The RBNZ wants a timetable as Payments NZ starts design work on a real-time payments system
[updated]
Higher interest rate offers are motivating savers into term deposits at a faster rate. And the trend may speed up if the big banks crack the 6% mark
27th Jul 23, 1:48pm
90
Higher interest rate offers are motivating savers into term deposits at a faster rate. And the trend may speed up if the big banks crack the 6% mark
As with mortgage rates, short-term deposit rates are higher than five-year deposit rates for the first time since the Global Financial Crisis
27th Jul 23, 12:32pm
1
As with mortgage rates, short-term deposit rates are higher than five-year deposit rates for the first time since the Global Financial Crisis
[updated]
Statistics New Zealand says the cost of living for households rose 7.2% in the year to June 2023, while food prices increased by some 12.7% for the average household
27th Jul 23, 11:16am
61
Statistics New Zealand says the cost of living for households rose 7.2% in the year to June 2023, while food prices increased by some 12.7% for the average household
The banks will be hoping this is a year of 'two halves' for new mortgage activity after a start to the year that was the slowest in at least nine years
27th Jul 23, 9:08am
31
The banks will be hoping this is a year of 'two halves' for new mortgage activity after a start to the year that was the slowest in at least nine years
Reserve Bank figures show on a seasonally adjusted basis there may be slight signs of life in the mortgage market; meanwhile the quarterly mortgage interest bill just crashed through $4 billion for the first time
26th Jul 23, 3:41pm
45
Reserve Bank figures show on a seasonally adjusted basis there may be slight signs of life in the mortgage market; meanwhile the quarterly mortgage interest bill just crashed through $4 billion for the first time
The combination of sharply rising cocoa and sugar prices are conspiring to raise the cost of chocolate, but lower dairy prices might help keep the jump from being extreme
25th Jul 23, 12:21pm
by Guest
3
The combination of sharply rising cocoa and sugar prices are conspiring to raise the cost of chocolate, but lower dairy prices might help keep the jump from being extreme
What does five year mortgage rates being lower than one and two year rates mean?
25th Jul 23, 11:15am
52
What does five year mortgage rates being lower than one and two year rates mean?
David Hargreaves suggests that with KiwiSaver now 16 years old, it would be a good time to re-examine what its role is and how well it is set up to fill that role
19th Jul 23, 5:00am
101
David Hargreaves suggests that with KiwiSaver now 16 years old, it would be a good time to re-examine what its role is and how well it is set up to fill that role
Eric Frykberg looks at how & why the number of luxury cars on NZ roads has boomed over the past two decades
15th Jul 23, 9:11am
64
Eric Frykberg looks at how & why the number of luxury cars on NZ roads has boomed over the past two decades
SBS Bank pushes its one year term deposit rate offer to a 15 year high of 6.5% and well above every other bank. We are moving into an unfamiliar zone where some TD offers are higher than inflation
14th Jul 23, 4:30pm
30
SBS Bank pushes its one year term deposit rate offer to a 15 year high of 6.5% and well above every other bank. We are moving into an unfamiliar zone where some TD offers are higher than inflation
New Kiwibank spending data shows that despite the cost of living squeeze we are still spending as we need to - but discretion is being applied
11th Jul 23, 11:22am
25
New Kiwibank spending data shows that despite the cost of living squeeze we are still spending as we need to - but discretion is being applied
BNZ moves some fixed home loan rates up but not by as much as some key rivals. Wholesale rate increases have been driving the shift higher
11th Jul 23, 8:30am
31
BNZ moves some fixed home loan rates up but not by as much as some key rivals. Wholesale rate increases have been driving the shift higher
Westpac economists say the average mortgage rate households are paying will rise by more over the coming year than it has so far
10th Jul 23, 12:11pm
124
Westpac economists say the average mortgage rate households are paying will rise by more over the coming year than it has so far
The World Gold Council says gold’s positive asymmetrical performance can be a valuable component to investors’ asset allocation toolkit. But it is wary of challenges if tightening continues for longer than expected or a soft landing is engineered
8th Jul 23, 9:30am
by Guest
1
The World Gold Council says gold’s positive asymmetrical performance can be a valuable component to investors’ asset allocation toolkit. But it is wary of challenges if tightening continues for longer than expected or a soft landing is engineered
Three of the five main banks have now pushed through higher home loan rates. Two of them have also raised some longer term deposit rates. In the background, some wholesale swap rates pushed on up to 15 year highs
6th Jul 23, 5:53pm
48
Three of the five main banks have now pushed through higher home loan rates. Two of them have also raised some longer term deposit rates. In the background, some wholesale swap rates pushed on up to 15 year highs
A new data series from the Reserve Bank shows recent promotion of lower interest rates for three-year mortgage terms by some of the major banks has swayed significant numbers of customers to 'go longer' with their terms
6th Jul 23, 3:53pm
15
A new data series from the Reserve Bank shows recent promotion of lower interest rates for three-year mortgage terms by some of the major banks has swayed significant numbers of customers to 'go longer' with their terms
Household net worth falls to $2.2 trillion in a fifth consecutive decline as the pandemic bubble deflates
6th Jul 23, 12:45pm
19
Household net worth falls to $2.2 trillion in a fifth consecutive decline as the pandemic bubble deflates
IMF says tax systems need updating to cope with crypto assets, whose anonymity and decentralized nature poses challenges- not least for the value added consumption taxes like GST
6th Jul 23, 9:53am
by Guest
44
IMF says tax systems need updating to cope with crypto assets, whose anonymity and decentralized nature poses challenges- not least for the value added consumption taxes like GST