NZFSG-backed Select Investments has acquired a stake in robo-advice KiwiSaver platform Kōura Wealth, with the digital platform looking to team up with mortgage advisers.

New Zealand’s housing market is in the rare position of being able to build enough houses within the next three to five years if the flow of immigrants remains shut off. But there is a caveat.

Mortgage-borrowing investors have been warned to make a five-year plan for high interest rates.

Former Loan Market executive Geoff Allen has joined non-bank lender First Mortgage Trust in a business development role.

KiwiSaver provider Kōura Wealth, which launched as a roboadvice service, has now has called on financial advisers for help.

In spite of the Government’s efforts to knock back expectations of continuing house price rises, the latest ASB Housing Confidence Survey shows Kiwis have only shown a slight wobble.

A new report from ASB suggests homeowners may be better off fixing mortgages at short terms over the next five years.

Mortgage lending fell by $2 billion month-on-month in April as the Government's housing reforms began to cool the market. 

Economists noted a "tentative shift in tone" from the Reserve Bank as it projected that interest rates may begin to rise from 2022.

The Reserve Bank has kept the official cash rate at its record low of 0.25%. Here's what the central bank said:

Mortgage borrowers could be better off locking in long-term loans ahead of potential increases in the official cash rate in 2022, according to economists at ANZ.