Westpac economists predict rising mortgage rates will put an end to the NZ housing boom.

Advisers report that it is getting easier to access construction and new build loans, amid growing pressure to increase the supply of new houses.

Houses are as unaffordable as they’ve been at any time in the past 17 years and the worst hit are provincial towns, CoreLogic’s bi-annual New Zealand Housing Affordability Report has found.

A support package has been made available – by industry compliance centre Strategi Group – to advisers whose preparation for regulation change has been impacted by Covid.

Kiwibank has entered the adviser market and has a pilot programme running with two dealer groups.

ASB has increased term deposit interest rates across the board, a sign that rates have begun to rise from historic lows.

AMP and Ares Management Corporation have today announced that they have entered into an agreement to pursue the formation of a joint venture for AMP Capital’s private markets businesses.

Auckland has the fastest-deteriorating housing affordability market globally after the average price of a home leapt $140,000 last year, the latest Demographia Housing Affordability report shows.

TSB Bank is set to slash broker accreditations at group and company level ahead of the new licensing regime.

Online SME lender Prospa has surpassed $100 million in New Zealand loans, hitting its highest monthly levels since inception amid the NZ economic recovery.

NZX Sponsor Participant, Snowball Effect, aims to nurture a strong pipeline of companies for potential future listings.