Economy

Apr 23 2019

A big four bank has cut its mortgage rates by up to 36 basis points, becoming the third major lender to reprice its home loan products over the past two weeks.

Apr 23 2019

The New Zealand government has announced that it would not proceed with the proposal to impose a capital gains tax due to lack of public support.

Apr 18 2019

Westpac and the Commonwealth Bank’s share of the third-party mortgage market has spiked, in contrast to sharp declines from NAB and ANZ, the latest AFG data has revealed.

Apr 18 2019

A non-major lender has dropped its fixed mortgage rates, becoming the fourth lender to reprice its offerings over the past two weeks.  

Apr 18 2019

The interest lenders earn on mortgages is expected to remain under pressure this year and next, according to Moody’s.

Apr 17 2019

Policymakers have been urged to “tread carefully” before making regulatory changes in the mortgage industry, with the latest AFG data reporting a 15 per cent annual decline in home loan ...

Apr 16 2019

SME lender Judo Capital is set to be granted a banking licence this week and will begin offering consumers retail deposits in addition to its core SME lending offering.

Apr 16 2019

One in four small businesses has been knocked back from the banks for financing, with one in three saying that they had to resort to borrowing from friends or relying on credit cards, new ...

Apr 16 2019

Stagnating house prices have contributed to an improvement in housing affordability in March, according to Moody’s.