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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%.
Fast-growing US property management franchise, Phenix Salon Suites, is looking to expand its global footprint into the New Zealand market.
MORE »News > Mortgages
Wednesday, February 28th 2024
The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%.
Tuesday, January 23rd 2024
The Reserve Bank doesn't expect its proposed DTI restrictions to have a significant impact on house prices in the short-term.
Tuesday, January 23rd 2024
The Reserve Bank has reveled its proposed debt-to-income (DTI) restrictions alongside plans to loosen loan to value ratios (LVR) for residential lending.
Friday, July 28th 2023
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.
Friday, June 23rd 2023
Tenants should be consulting mortgage advisers in an effort to buy a house as rents skyrocket, says Tim Kearins, Century 21 New Zealand owner.
Monday, June 19th 2023
Economist Tony Alexander says New Zealand is about to experience “a period of rapid house price growth.”
Wednesday, May 10th 2023
When the New Zealand housing market turns as it has in Australia, a lot of people won’t understand it, says economist Tony Alexander.
Monday, April 17th 2023
New Zealand appears to be flinging open the immigration doors again.
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.
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.
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.
Wednesday, January 25th 2023
Economists are worried about inflation that has remained stubbornly high at 7.2% in the year to December.
Tuesday, January 17th 2023
The country’s biggest trading bank expects the official cash rate to now peak at 5.75% later this year.
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.
Wednesday, November 23rd 2022
The Reserve Bank has increased the OCR 75 basis points - its biggest rise ever. Here's why.
Monday, November 21st 2022
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](https://www.goodreturns.co.nz/pics/grtv/GRTV_Willis.png)
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.
Wednesday, August 17th 2022
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.
Monday, July 11th 2022
After plunging in April, new mortgage lending rose 20.4%, up $1.2 billion to $6.8b in May.
| SBS FirstHome Combo | 6.74 |
| Heartland Bank - Online | 6.89 |
| 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 | 6.55 |
| SBS Bank Special | 6.69 |
| TSB Special | 6.75 |
| Westpac Special | 6.75 |
| China Construction Bank | 6.75 |
| ICBC | 6.75 |
| AIA - Go Home Loans | 6.75 |
| ASB Bank | 6.75 |
| Unity | 6.79 |
| Co-operative Bank - Owner Occ | 6.79 |
| SBS Bank Special | 6.19 |
| ASB Bank | 6.39 |
| Westpac Special | 6.39 |
| AIA - Go Home Loans | 6.39 |
| China Construction Bank | 6.40 |
| ICBC | 6.49 |
| Kiwibank Special | 6.55 |
| BNZ - Classic | 6.55 |
| Co-operative Bank - Owner Occ | 6.55 |
| TSB Special | 6.59 |
| SBS Bank | 6.79 |
| 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 |
