Strong mortgage lending drove banking profits to record levels in the first three months of the year, according to a new report from KPMG.

Slapping down a landlord’s defence as “ingenuous” claiming its Auckland rental property was only affected by leaks when it rained, the Tenancy Tribunal ordered Grover Investments to pay $9,904.54 to the tenant.

More than half of mortgage advisers reported a decrease in investor activity over the past month, according to a new survey from economist Tony Alexander.

Adviser group Astute Financial has launched a mentorship scheme to guide new entrants into the industry.

The recent surge in economic growth has increased the odds of an official cash rate hike in February, according to Kiwibank economists.

First Mortgage Managers, the manager of non-bank lender First Mortgage Trust, has appointed its first female director as adds governance and commercial experience to its board.

Bethlehem Town Centre and a Wellington industrial property are being bought by the unlisted property funds manager for a total of $107.5 million.

A property management company’s ‘brazen and unacceptable attempt to interfere with a tenant’s right to make an application to the Tenancy Tribunal’ has been severely rebuked by the tribunal.

The Reserve Bank’s plans to add debt-to-income ratios (DTI) to its macro-prudential toolbox will not help the supply of houses, says the Property Investors Federation.

Default KiwiSaver provider Simplicity has slashed its variable rate mortgage to 1.9%, one of the lowest rates available in the market.

A spat over a Papatoetoe property that was to be developed by a 'hands-off' landlord has ended up with the tenant owing $20,111.

ANZ economists predict the official cash rate will begin to rise in February, after the New Zealand economy roared back into life in the first quarter.

ASB has been censured by the Commerce Commission after over-charging break-fees to home loan customers.