Wednesday, February 28th 2024

BREAKING: OCR 5.50% - Monetary Policy remains restrictive

The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%.

DTIs will have no significant impact on house prices immediately

Tuesday, January 23rd 2024

DTIs will have no significant impact on house prices immediately

The Reserve Bank doesn't expect its proposed DTI restrictions to have a significant impact on house prices in the short-term.

RBNZ gives details of new lending rules

Tuesday, January 23rd 2024

RBNZ gives details of new lending rules

The Reserve Bank has reveled its proposed debt-to-income (DTI) restrictions alongside plans to loosen loan to value ratios (LVR) for residential lending.

First home buyers’ mortgage market share hits a record

Friday, July 28th 2023

First home buyers’ mortgage market share hits a record

The share of new mortgages to first home buyers rose for the third consecutive month to 24.4% last month, up slightly from 24.3% in May, the latest Reserve Bank figures show.

Potential home buyers urged to consult mortgage advisers

Friday, June 23rd 2023

Potential home buyers urged to consult mortgage advisers

Tenants should be consulting mortgage advisers in an effort to buy a house as rents skyrocket, says Tim Kearins, Century 21 New Zealand owner.

Tony Alexander predicts

Monday, June 19th 2023

Tony Alexander predicts

Economist Tony Alexander says New Zealand is about to experience “a period of rapid house price growth.”

House buyers slow on reading market changes

Wednesday, May 10th 2023

House buyers slow on reading market changes

When the New Zealand housing market turns as it has in Australia, a lot of people won’t understand it, says economist Tony Alexander.

More Stories

Migrant tap back on

Migrant tap back on

Monday, April 17th 2023

New Zealand appears to be flinging open the immigration doors again.

BREAKING: RBNZ raises OCR by 50 bps

BREAKING: RBNZ raises OCR by 50 bps

Wednesday, April 05th 2023

The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent.

Home buyers still shying away from market

Home buyers still shying away from market

Thursday, March 30th 2023

Mortgage lending is still in the doldrums with the $3.8 billion borrowed last month, the lowest since records began in 2013.

Warning to Du Val over misleading investors

Warning to Du Val over misleading investors

Friday, March 10th 2023

Property development company Du Val Capital Partners suspension of cash distributions to investors in the company’s mortgage fund has drawn a formal warning from the FMA for misleading conduct.

Inflation worries economists

Inflation worries economists

Wednesday, January 25th 2023

Economists are worried about inflation that has remained stubbornly high at 7.2% in the year to December.

ANZ forecasting higher OCR than Reserve Bank predictions

ANZ forecasting higher OCR than Reserve Bank predictions

Tuesday, January 17th 2023

The country’s biggest trading bank expects the official cash rate to now peak at 5.75% later this year.

Squeeze on mortgage holders deepens

Squeeze on mortgage holders deepens

Thursday, November 24th 2022

With another 0.75% increase in the OCR seemingly on the cards for February next year after yesterday’s not unexpected 0.75% rise, it is likely fixed mortgage rates will push towards 7% or higher in the next few months, says CoreLogic.

Biggest OCR rise ever: Here's what the governor said

Biggest OCR rise ever: Here's what the governor said

Wednesday, November 23rd 2022

The Reserve Bank has increased the OCR 75 basis points - its biggest rise ever. Here's why.

Big OCR rise predicted this week

Big OCR rise predicted this week

Monday, November 21st 2022

Big blue leads the rate rises

Big blue leads the rate rises

Wednesday, October 19th 2022

Our largest bank, ANZ, has rung the changes with increases to all fixed rates following yesterday's surprise CPI numbers.

[WATCH] What National would do to fix CCCFA

[WATCH] What National would do to fix CCCFA

Thursday, September 01st 2022

National Party deputy leader and finance spokesperson Nicola Willis explains what the party will and won’t do to fix issues around housing and lending.

OCR up again: What the RBNZ said

OCR up again: What the RBNZ said

Wednesday, August 17th 2022

Why the RBNZ hiked the OCR - again

Why the RBNZ hiked the OCR - again

Wednesday, July 13th 2022

The Reserve Bank has made its third consecutive 50 basis point official cash rate increase. Here's what the bank said.

New mortgage lending rises after plunge

New mortgage lending rises after plunge

Monday, July 11th 2022

After plunging in April, new mortgage lending rose 20.4%, up $1.2 billion to $6.8b in May.

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ASB Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
Kiwibank Special 6.79
Co-operative Bank - Owner Occ 6.79
ANZ Special 6.79
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50