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Latest fromBank of New Zealand

House prices rise to record average
New housing statistics have identified increasing numbers of Auckland suburbs that are out of reach for first-time buyers, with childless big-earners the most likely to be able to buy now.

<i>Inside Money :</i> As KiwiSavers holiday, Tower goes out to play
I haven't seen any research on the reasons why people are choosing to take some time off KiwiSaving but I reckon the answers would be obvious.

Equitable receiver says too soon to estimate recovery of $192m owed
The receivers of Equitable Mortgages say it's too soon to say how much of the property lender's $188.4m worth of loans they are likely to recover.

Banks recover from 2009 rout but lending slow, says report
Lending to customers at New Zealand's banks grew by a meagre 0.7 per cent in the second half of their financial year, a new report shows.