A lack of underwriting capacity and the new licensing regime have caused professional indemnity premiums to skyrocket for advisers, according to a leading insurance broker. 

New Zealand lenders bounced back from the pandemic to increase profits by 35.1% quarter-on-quarter in the three months to December.

After 15 years with the business, Alister Van Der Maas has resigned his role with the business.

Mortgage advisers will have to wait a little longer to discover if and when the Reserve Bank will introduce debt to income ratios and interest-only lending curbs, according to economists.

The nib Little Legends $10k relay, held during half-time at the Blues vs Chiefs match on Saturday, was won by the Pakuranga United Rugby Club.

About 63% of property investors – about 182,219 taxpayers – have an average profit of $14,000 a year, but those who have substantial debt – abut 107,530 taxpayers – have losses of about $9,000 a year.

Westpac New Zealand recorded a 98% profit increase in the six months to March and has announced the imminent retirement of its chief executive, David McLean.

Property lending soared to $10.4 billion in March according to the latest Reserve Bank data – the highest monthly volume on record.

Despite record-low listings, property values and sales rose rapidly through the first quarter of this year, a new CoreLogic report shows.

Te Pūtea Matua - The Reserve Bank of New Zealand - has become an inaugural member of the new international Central Bank Network for Indigenous Inclusion.

Will the Government’s coming changes to property investor’s income result in fear of over-paying (FOOP) for houses?

Accuro Health Insurance has made a new appointment to its board of directors.

Some property investors have recently been querying whether it is a good idea to take rent in cryptocurrency.