CoFi has to go, says National’s Commerce and Consumer Affairs spokesman Andrew Bayly.

The floor for the property market seems to have arrived more or less with migration, but it is patchy.

Although the Credit Contracts and Consumer Finance Act (CCCFA) rules can be changed, it might be more difficult to transform the culture within banks, says National’s Commerce and Consumer Affairs spokesman Andrew Bayly.

The key message in the OCR is that the door is open to another interest rate hike, Kiwibank says.

A National-led government will make significant changes to the Credit Contracts and Consumer Finance Act (CCCFA).

While the temptation to sell residential investment property during a market downturn or close to a general political party election may be strong, taking a patient and long-term approach can prove more beneficial.

The winter chill has been taken off the housing market, the latest REINZ data show.

The four main banks predict the cash rate will stay at 5.5% in this week’s OCR review.

The Commerce Commission’s focus in its study into bank competition will be personal banking and mortgage lending.

Westpac’s latest Economic Review paints a gloomy picture of the country’s economy.

Another review of the controversial  Credit Contracts and Consumer Finance Act (CCCFA) is to be carried out.

The Reserve Bank’s first life insurance industry stress test shows the biggest insurers will be able to withstand severe economic and insurance shocks, while continuing to pay out on policy claims.

A 1% increase in wages leads directly to a 1% increase in new tenancy rents, while a 1% increase in the average number of people in each home, leads to a 1.5% rise in rents nationally, says a new paper released by the Reserve Bank.

The bottom of the housing market beckons, with the nation’s three-month rolling rate of decline dropping for the fourth straight month.

Auckland’s average sales price retreated a little, to $1,067,070, down 2.8% last month compared to June, Barfoot & Thompson data show.

The IFSO Scheme can now investigate complaints about insurance claims, credit and other financial services/products up to $350,000+GST, or $2,625+GST per week for regular payments.