Personal Finance
Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
5th Mar 24, 5:00am
43
Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
It looks like this is moving week for both home loan and term deposit rates, following the RBNZ MPS. ANZ the next to cut retail rates although the changes are not major
4th Mar 24, 8:46am
31
It looks like this is moving week for both home loan and term deposit rates, following the RBNZ MPS. ANZ the next to cut retail rates although the changes are not major
[updated]
Soon after its 18 month mortgage rate cut last week, ASB trims its one and two year home loan rates. And tweaks up its 6 month term deposit rate slightly
4th Mar 24, 8:02am
11
Soon after its 18 month mortgage rate cut last week, ASB trims its one and two year home loan rates. And tweaks up its 6 month term deposit rate slightly
Latest RBNZ figures show non-performing housing loans rose by $161 million in January and have increased by $721 million over the past 12 months; non-performing housing loan ratio hits a 10-year-high
29th Feb 24, 4:11pm
66
Latest RBNZ figures show non-performing housing loans rose by $161 million in January and have increased by $721 million over the past 12 months; non-performing housing loan ratio hits a 10-year-high
Latest mortgage figures from the Reserve Bank suggest first home buyers might have reached their limit in terms of market share, while investors might be showing some signs of life
28th Feb 24, 10:26am
14
Latest mortgage figures from the Reserve Bank suggest first home buyers might have reached their limit in terms of market share, while investors might be showing some signs of life
Mortgage calculators come in many styles, but it is best to use one that can handle multiple options and solve for the answers you need when family budgets get tight
28th Feb 24, 8:21am
1
Mortgage calculators come in many styles, but it is best to use one that can handle multiple options and solve for the answers you need when family budgets get tight
Westpac says its customers are spending just 3.4% more than a year ago, while the population has grown 2.8% and retail prices have increased about 4%; customers with mortgages particularly spending less
27th Feb 24, 11:45am
5
Westpac says its customers are spending just 3.4% more than a year ago, while the population has grown 2.8% and retail prices have increased about 4%; customers with mortgages particularly spending less
ASB cuts 18 month fixed home loan rate by 26 basis points, ahead of the Reserve Bank's OCR decision, and in the face of a stuttering real estate market
27th Feb 24, 7:56am
23
ASB cuts 18 month fixed home loan rate by 26 basis points, ahead of the Reserve Bank's OCR decision, and in the face of a stuttering real estate market
The term deposit rate benefit from a challenger bank just got a sharp boost from a new offer from SBS Bank, part of a recent set of fundraising offers
24th Feb 24, 9:35am
4
The term deposit rate benefit from a challenger bank just got a sharp boost from a new offer from SBS Bank, part of a recent set of fundraising offers
Householders' views of future inflation have risen sharply in a development that goes very much against what the Reserve Bank is looking for as it seeks to dampen down inflation
22nd Feb 24, 3:34pm
61
Householders' views of future inflation have risen sharply in a development that goes very much against what the Reserve Bank is looking for as it seeks to dampen down inflation
Another major bank tweaks its mortgage rate card lower as doubts spread about an OCR hike next week. Competition is rising as the real estate market hasn't really fired yet in its crucial selling season
22nd Feb 24, 8:06am
72
Another major bank tweaks its mortgage rate card lower as doubts spread about an OCR hike next week. Competition is rising as the real estate market hasn't really fired yet in its crucial selling season
Latest quarterly Reserve Bank figures show ahead of the likely introduction of debt to income restrictions in the middle of the year, new borrowers are currently well below the proposed lending limits to be imposed on banks
19th Feb 24, 11:03am
47
Latest quarterly Reserve Bank figures show ahead of the likely introduction of debt to income restrictions in the middle of the year, new borrowers are currently well below the proposed lending limits to be imposed on banks
Lynda Moore ticks off how many biases can sublimily sway your spending decisions. And store salespeople know exactly which triggers will get you to 'yes'
17th Feb 24, 9:10am
8
Lynda Moore ticks off how many biases can sublimily sway your spending decisions. And store salespeople know exactly which triggers will get you to 'yes'
With some economists expecting a higher OCR soon, and financial markets responding with higher wholesale rates, savers might be expecting higher term deposit offers as one consequence
12th Feb 24, 11:08am
31
With some economists expecting a higher OCR soon, and financial markets responding with higher wholesale rates, savers might be expecting higher term deposit offers as one consequence
Lynda Moore delves into ‘loud budgeting,’ suggesting it offers a refreshing shift in perspective
9th Feb 24, 10:48am
6
Lynda Moore delves into ‘loud budgeting,’ suggesting it offers a refreshing shift in perspective
The Red Bank becomes the first major to break out of the tight range of mortgage rates being offered by the majors, cutting both fixed home loan rates modestly (and term deposit rates by more) even as wholesale rates rise
9th Feb 24, 6:04am
30
The Red Bank becomes the first major to break out of the tight range of mortgage rates being offered by the majors, cutting both fixed home loan rates modestly (and term deposit rates by more) even as wholesale rates rise
Latest Reserve Bank figures indicate New Zealand's home owner-occupiers are increasingly focusing on shorter term fixed mortgage rates - presumably in the assumption that rates will come down sooner rather than later
8th Feb 24, 3:51pm
7
Latest Reserve Bank figures indicate New Zealand's home owner-occupiers are increasingly focusing on shorter term fixed mortgage rates - presumably in the assumption that rates will come down sooner rather than later
Australia's supermarkets, airlines and power companies are charging ‘exploitative’ prices despite reaping record profits
8th Feb 24, 10:02am
2
Australia's supermarkets, airlines and power companies are charging ‘exploitative’ prices despite reaping record profits
Heartland Bank slices its fixed home loan rates with big cuts to all terms, opening up a big differences to main bank rates
8th Feb 24, 8:46am
21
Heartland Bank slices its fixed home loan rates with big cuts to all terms, opening up a big differences to main bank rates
In an increasingly fractured world where great power rivalries are buffeting the international financial system, gold holdings and reserves are one way rogue states can insulate themselves. But the largest stakes are still Western-controlled
6th Feb 24, 12:40pm
35
In an increasingly fractured world where great power rivalries are buffeting the international financial system, gold holdings and reserves are one way rogue states can insulate themselves. But the largest stakes are still Western-controlled
Stats NZ says its household living-cost price indexes show that all household groups in the country faced higher cost increases in the 2023 year than the 4.7% indicated by the CPI, the official measure of inflation
1st Feb 24, 11:16am
28
Stats NZ says its household living-cost price indexes show that all household groups in the country faced higher cost increases in the 2023 year than the 4.7% indicated by the CPI, the official measure of inflation
Latest RBNZ figures show non-performing housing loans rose by 78.5% in the past year - but the stress levels are still much lower than they were after the global financial crisis
1st Feb 24, 9:23am
50
Latest RBNZ figures show non-performing housing loans rose by 78.5% in the past year - but the stress levels are still much lower than they were after the global financial crisis
David Hargreaves dives back through from the start of detailed mortgage figures the Reserve Bank has now been producing for 9 years to show a picture of burgeoning first home buyer involvement and mostly shrinking investor participation
31st Jan 24, 11:44am
40
David Hargreaves dives back through from the start of detailed mortgage figures the Reserve Bank has now been producing for 9 years to show a picture of burgeoning first home buyer involvement and mostly shrinking investor participation
Latest RBNZ figures show first home buyers picked up over a quarter of the new mortgage monies advanced in December - although it was a slow month overall
30th Jan 24, 11:20am
14
Latest RBNZ figures show first home buyers picked up over a quarter of the new mortgage monies advanced in December - although it was a slow month overall
An overgrown set of financial habits can be hard to recover from without a plan. Lynda Moore has some positive-thinking strategies for getting on top of a gnarly build-up of debt
30th Jan 24, 11:19am
An overgrown set of financial habits can be hard to recover from without a plan. Lynda Moore has some positive-thinking strategies for getting on top of a gnarly build-up of debt
