2+ day, 22+ hour ago   (314+ words) ASB tips a slower, income-led recovery as structural headwinds reshape the housing outlook New Zealand house prices are unlikely to reclaim their late-2021 peaks until as late as 2029, according to a new ASB Economics note, which argues the housing market…...

3+ day, 20+ hour ago   (922+ words) Mortgage professionals warn clients face a fragile window as swap rate surge drives fresh lender repricing Bank of England governor Andrew Bailey has warned that UK mortgage rates have risen faster than almost anywhere in the G7, as brokers urge clients…...

3+ day, 22+ hour ago   (367+ words) Westpac lifts June quarter GDP forecast, tipping strongest result since 2023 New Zealand's economy looks to have weathered the Middle East oil shock better than feared, with Westpac upgrading its June quarter GDP forecast ahead of next week's official data release....

3+ day, 22+ hour ago   (362+ words) BusinessNZ forecast points to nearly 3% growth by 2028, boosting confidence New Zealand's economy is looking more resilient than expected, with two separate forecasters now pointing to the same conclusion: momentum is returning, even as global risks linger. That reading lines up…...

3+ day, 22+ hour ago   (409+ words) ASB says fixed and floating rates are past their lows, with upward pressure set to persist New Zealand mortgage rates have moved past the bottom of the current cycle, according to ASB's latest Home Loan Rate Report, with the bank…...

3+ day, 23+ hour ago   (326+ words) Weak profitability and sliding confidence raise borrowing capacity concerns for brokers A 10-point drop in profitability and a five-point fall in trading conditions dragged Australian business conditions into negative territory in August — the first time that's happened in six years....

4+ day, 2+ hour ago   (474+ words) Mortgage rate concerns drag household sentiment back down Australian consumer confidence has slumped, with fresh Westpac-Melbourne Institute data showing sentiment has fallen back towards the deeply pessimistic levels seen earlier this year — a shift brokers should be prepared to discuss…...

4+ day, 22+ hour ago   (439+ words) Ratings agency sees GDP growth accelerating through 2027, tempered by external threats Ratings agency Moody's has declared that New Zealand's economic recovery is now under way, pointing to a combination of strong agricultural export prices, a rebound in tourism and the…...

5+ day, 5+ hour ago   (1029+ words) Nearly two million fixed deals expire before the year ends Days before the Bank of England's next rate decision, its own chief economist has called for an immediate increase, a call that lands in the middle of a lender repricing…...

5+ day, 2+ hour ago   (391+ words) Sub-5.75% deals are already scarce on Canstar's database Banks are ramping up efforts to win over rivals' customers with rate cuts, even as one lender's move to lift fixed rates suggests the Reserve Bank could act as early as this…...