Advisers have criticised the Government's radical housing market reforms, which will have a significant impact on investors.

The Reserve Bank has forced Westpac to conduct two independent reviews into potential risk governance failings amid "ongoing compliance issues".

Limiting tax deductibility for property investors’ mortgage interest would be a better game changer than scrapping it altogether, says Westpac acting chief economist Michael Gordon.

NZPIF president Andrew King says he is astounded the Government has not done any work on the fiscal reality of its policy scrapping tax deductibility on landlord mortgages.

The Government’s attempt to skew the housing market away from investors to first home buyers will have a chilling effect on investor demand, says Westpac senior economist Satish Ranchhod.

The Government’s crackdown on residential property investors through an extension of the bright-line test and removal of interest deductibility will have little effect for several years, says CoreLogic head of research Nick Goodall.

The government has announced a range of new measures to tackle the housing crisis, including an extension of the bright line test to 10 years and the removal of interest deductibility, as the clampdown on investors continues.

The Government has announced a range of new measures to tackle the housing crisis, including an extension of the bright-line test to ten years and the removal of interest deductibility, as the clampdown on investors continues.

The Reserve Bank is "very likely" to introduce interest-only lending restrictions on investors as it aims to tackle the overheated housing market, according to CoreLogic. 

Wealthpoint has launched a standalone general insurance brokerage for its 50 member businesses.

Fidelity Life's transformation continues with some changes to its top team.

The entire structure of average mortgage rates sits at record lows – but ANZ is warning borrowers nothing lasts forever.

Advisers will need to do a better job of explaining their no-fee, no-obligation model under the new regulatory regime, according to adviser Hamish Patel.

Mike Pero Mortgages has added a new franchise owner and an adviser in the north island.