3+ hour, 49+ min ago  (1152+ words) He says most people feel the property market has had a rough couple of years but few seem to grasp how severe the correction has been in real terms. House prices in New Zealand reached their peak in late 2021 " the…...

3+ day, 30+ min ago  (611+ words) In December after the main banks launched a limited 1.5% cashback offer for new mortgages, a record $5.7 billion (41.1.%) of the $14 billion taken out was for a change to a new lender. However, the number of new mortgages for a change in…...

1+ week, 3+ day ago  (624+ words) Last week most of the major banks increased their long-term interest rates as wholesale rates have been rising. The rising wholesale rates have reduced bank margins for fixed rate lending. "It looks like the five-year rate which previously sat around…...

2+ mon, 5+ day ago  (376+ words) ASB has pencilled in a 0.25% hike in December this year " the same as Westpac " and 0.50% of further hikes in the first half of next year in light of a pick-up in underlying inflation pressures revealed on Friday. CPI inflation hit…...

2+ mon, 1+ week ago  (807+ words) For those hoping this year will prove to be considerably less eventful, ASB says the past few weeks have been anything but that. Senior economist Mark Smith and economist Wesley Tanuvasa say there is a lot going on, but there…...

2+ mon, 2+ week ago  (719+ words) The ANZ is the first of the major banks this year to increase its rates " upping the floating rate by 10 basis points. The BNZ in its Markets Outlook says although rates are rising slightly, a huge boon for the household…...