Bank ignites new mortgage war
The latest deal from a New Zealand bank to lure in new customers with "free" money and zero fees comes with a warning tag from financial experts.
The latest deal from a New Zealand bank to lure in new customers with "free" money and zero fees comes with a warning tag from financial experts.
The Kiwi dollar climbed to a new eight-year high after weak Aussie jobs data highlighted divergent interest rate outlooks between the neighbouring economies.
The New Zealand dollar touched an eight-year against its trans-Tasman counterpart ahead of Australia employment figures.
The NZ dollar gained after weaker than expected US employment figures on Friday sapped optimism over the pace of the Fed's plans to scale back its asset purchase programme.
Banks are showing more interest in making low-deposit home loans after cutting back hard before Christmas, but it is mainly investors who are taking advantage.
Auckland's average house price rose to a record in December as property values benefited from a lack of supply heading into summer.
Federal Reserve chairman Ben Bernanke has predicted a stronger year for the US economy in 2014.
Three banks facing potential legal action from the competition watchdog over their sale of interest rate swap contracts to farmers say they will continue to co-operate with the commission.
The rampant house price inflation which has pushed the dream of home ownership out of reach for thousands of New Zealanders is probably over, says English.
An 8.6 per cent stake in giant listed landlord and Sylvia Park owner Kiwi Income Property Trust is now in play.
National house prices rose $17,475 last month to reach a $425k median. But are falling sales numbers a sign that new loan rules are starting to bite? (with new infographic)