Some big Chinese banks are starting to set up shop in New Zealand, but what could that mean for the residential mortgage market?
Auckland property investors now have to have a 30% deposit to buy a rental under new rules proposed by the Reserve Bank. Here is what the bank said.
New Zealand’s residential property borrowing environment is set to blow wide open with the news that LendMe has received New Zealand’s second peer to peer (P2P) lending license.
ANZ and Westpac are the latest banks to predict that the Reserve Bank will cut the Official Cash Rate (OCR) this year.
BNZ has produced a “very strong” result in the six months to March 31, with net profit up almost 28% to $502 million for the period.
Chief executive Anthony Healy talks to TMM Online about BNZ's plans to return to the broker market after a 12-year absence.
ASB economists have changed their view on the OCR and gone from a 50:50 chance of an interest rate cut to predicting the Reserve Bank will cut the cash rate two times this year.