Most Kiwis think interest rate increases have peaked.
RBNZ cries wolf – Kiwibank
Non-bank lenders a pimple on the backside of the market
DTIs will have no significant impact on house prices immediately
Open banking can’t come soon enough for mortgage adviser, said AdviceHQ director David Green.
ANZ expects the RBNZ to start cutting the OCR in August.
As experts expect property prices to rise between 5-10% this year, the biggest dampener will be debt-to-income (DTI) ratios if introduced towards the middle of the year.
A steer on the state of the economy and the start of OCR cuts could be on the cards for Reserve Bank chief economist Paul Conway’s speech on Tuesday 30 January.
The ASB Bank has outlined five key risks making 2024 as unpredictable and volatile as last year, with plenty of twists and turns to come.
One of the main challenges facing small and medium FAPs in New Zealand is adapting to the changing regulatory compliance requirements.
The ASB says overall household debt servicing costs have yet to peak.
iLender business owner Jeff Royle says mortgage stress, defined as mortgage payments more than three months in arrears, is rising.
As the Reserve Bank gears up to consult on the level, possible exemptions and speed limits for debt-to-income restrictions, CoreLogic’s chief property economist says it is difficult to know whether they have worked in other countries.
Clawbacks from mortgage refinancing have made it a tough year for many mortgage advisers.
It appears monetary policy has started to bite hard and is slowing the economy faster than expected.
Property prices have edged up slightly heading into the summer break.
The worse than expected GPD result for the September quarter could mean cuts to the OCR may kick in next year – much sooner than the RBNZ is predicting.
A huge surge of new immigrants into New Zealand has some economists updating their forecasts.
While the Real Estate Institute of New Zealand’s (REINZ) November data show a solid increase in sales, up by 15.7%, from 5,550 to 6,422, month-on-month, and up by 12.2%, from 5,724 to 6,422, compared to November last year, the number was the lowest for a November month since 2011. Apart from November last year, last month’s sales were below 7,000 for a November month since 2013.
Finance Minister Nicola Willis is waiting on RBNZ advice before deciding whether debt-to-income (DTI) restrictions should be implemented.
Showing 61 to 80 of 502 results
Sally Lindsay
Stories written by multiple reporters.
Followers will be emailed articles by Sally Lindsay