
Low-deposit loan seekers hit hard
Home buyers seeking low-deposit mortgages could find it even tougher to secure funds after Kiwibank said it was suspending new loans.
Home buyers seeking low-deposit mortgages could find it even tougher to secure funds after Kiwibank said it was suspending new loans.
Global dairy markets have plummeted but New Zealand beef prices have continued to hit record highs, while sheepmeat prices have stayed firm, Rabobank says.
The net population gain from migration hit new highs last month and is seen as a key reason Reserve Bank governor Graeme Wheeler's foot remains closer to the brake pedal.
KiwiSaver tax credits cost around $800 million a year but careful analysis by Treasury economists on household finances can find no evidence it has boosted accumulation of wealth.
The NZ dollar held near a seven-year high against the yen before services sector and retail sales figures that are expected to show the domestic economy continues to grow apace.
A New Zealand citizen who lost his bank job to a man seconded from India says he is "living proof" temporary migrant workers are stealing Kiwi jobs.
Auckland house prices have hit a new high and national sales volumes rose 11.8 per cent last month in a big spring resurgence.
The Reserve Bank is eyeing measures to discourage speculators from buying multiple houses as it acknowledges its loan-to-value ratio (LVR) restrictions have favoured investors.
At least 4500 kiwis hoping for an end to mortgage restrictions will have to wait longer before they can buy a place, a financier has calculated.
Banking may be increasingly moving online but The Co-Operative Bank is pushing to expand its branch presence, particularly in Auckland.
As ANZ's unionised staff seek a pay rise of 2 - 3 per cent, it's been revealed their NZ boss has enjoyed a solid pay rise of nearly 14 per cent, taking him to $4.7m.
ANZ New Zealand chief executive David Hisco has enjoyed a solid pay rise, with his total remuneration lifting almost 15 per cent to $4.7 million.
The New Zealand share market pushed higher to a new record high at midday today. Here are four reasons why.
Finger print identification, a standard feature on new iPhones will soon be common place, a visiting biometrics expert says.
The New Zealand share market has continued its record-breaking run, with the NZX50 Index hitting its highest ever point.
New Zealand businesses are planning a "fighting fund" for a pro-TPP campaign once a deal is finished and in the public arena, Prime Minister John Key was told.
Loan to value ratios on bank mortgage lending could be in for a change this week when the Reserve Bank releases its financial stability report.