Mortgages

Record January home lending

Last month saw the highest January home lending volumes since records began, according to the latest RBNZ data. 

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Housing market boom won't last long: Westpac

Westpac economists say the recent boom in the housing market won't last much longer due to upward pressure on mortgage rates and a lack of funds in the banking system.

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Heartland launches reverse mortgages for investors

Heartland has expanded its reverse mortgage business and will now lend against investment properties and second homes, as the product becomes more popular in New Zealand.

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Rising house prices glossed over in MPS

New Zealand’s housing market is rebounding strongly but the Reserve Bank barely mentioned it in Wednesday’s Monetary Policy Statement (MPS). That’s left one economist asking why.

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OCR decision revealed

The Reserve Bank of New Zealand has kept the official cash rate on hold. Here's what the central bank said: 

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OCR Preview Survey: economists say OCR will stay on hold

The official cash rate will stay on hold next week, but the Reserve Bank will urge downside caution over the impact of the coronavirus, according to TMM's OCR Preview Survey.

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Don't use KiwiSaver for investment property - yet

The Interim Retirement Commissioner’s proposal to allow KiwiSaver first-home withdrawals to be used for investment properties came tantalisingly close but didn’t quite make it to the recommendation phase.

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Mortgage lending strong in December

December mortgage lending increased by more than $1 billion year-on-year, according to the latest figures from the Reserve Bank.

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Mortgage lending peaks in November

Mortgage lending soared to its highest level since June 2016 last month, according to new data from the Reserve Bank.

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Economists revise OCR outlook

Leading economists have revised their predictions for the official cash rate next year, predicting less action from the Reserve Bank in the next 12 months.

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Putting the RBNZ's new capital rules into perspective

There's been a lot written about the Reserve Bank's new capital rules for banks and some of it seems to miss the mark. Here's Tarawera Publishing managing director, Philip Macalister's, take after hearing from the governor yesterday.

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LVRs kept on hold

The Reserve Bank has kept its LVR speed limits on hold amid fears low interest rates "could lead to a resurgence in higher-risk lending".

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Investor lending on the increase

Latest Reserve Bank data shows Investor lending jumped to its highest level for over a year in October, as overall lending soared last month. 

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LVR restrictions to stay put: Westpac

Westpac economists believe the Reserve Bank will keep LVR speed limits at their current levels, amid fears over house price stability.

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Mortgage rates may be at cycle low: ASB

Take note, investors: It is "quite possible" fixed rate mortgages have hit their lowest point in this cycle, according to economists at ASB.

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