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Be flexible with earthquake victims, English tells IRD, banks
Finance Minister Bill English has asked banks and the Inland Revenue Department to be flexible with Christchurch earthquake victims.
Kiwis spending $45 less every week - economist
The average NZer is spending $45 less a week than before the recession in a bid to wipe out debt and inject equity into their homes.
Judge dismisses credibility of Super City candidate
A right-wing Super City candidate must pay a finance company more than $70,000 after a judge ruled that she misled it by not revealing a debt.
ASB to offer controversial reverse mortgages
ASB has announced it will be the first major NZ bank to offer asset rich but cash poor customers reverse equity mortgages.
<i>Kevin Atkinson:</i> Home truths forcing everybody to adjust
Credit crunch has changed the landscape for residential building, writes Kevin Atkinson
Equities fall after record drop in US home sales
Equities on Wall Street and across Europe fell after a US home sales fell a record 27 per cent in July.
House price fall of 4.1pc predicted in new report
A report prepared by business researcher Infometrics is predicting house prices will fall 4.1 per cent by next June.
Kiwibank joins rivals, lifts rates
Kiwibank has joined ANZ, Westpac and TSB today, moving to increase floating mortgage rates and cut longer term fixed rates.
ASB first big bank to hike rates
The first of the big banks has hiked its floating mortgage rate after the Reserve lifted the Official Cash Rate by 0.25 per cent last week.
Mortgage suspect hit with $1.3m bill
A banker at the centre of an alleged multimillion-dollar mortgage fraud has been ordered to pay nearly $1.3m in damages to his ex-employer.
Bollard lifts OCR, future hikes likely to be less
While increasing the OCR this morning, Reserve Bank Governor Alan Bollard has indicated that future hikes won't be as aggressive as earlier tipped.
<i>Bernard Hickey - </i> Reserve Bank should target the housing bubble
It's clear the economy has become dependent on the debt growth fuelled by the housing market's ever-increasing values.
Home loan affordability dips in June
New Zealand home loan affordability worsened slightly in June from May as the median house price nudged up faster than incomes.
<i>Bernard Hickey</i>: Chilling levels of household debt finally dawns
NZers will look back on the winter of 2010 as the moment we finally realised the last decade of growth was a sham.
Interest rates tipped to rise despite CPI dip
Economists expect the Reserve Bank will raise interest rates further late this month, despite lower than expected inflation figures.
Property prices firm up in June, but turnover low
House prices firmed up last month, but turnover stayed low said the Real Estate Institute.
Kiwibank growth slows
Kiwibank had slowing growth and shrinking margins in the March quarter, says KPMG.
Kiwibank follows rivals with big mortgage rate cuts
Kiwibank, which led its rivals in cutting two-year fixed home loan rates last week, has now followed them by reducing its three, four and five year rates.
House prices will fall: economists
Westpac economists expect house prices to fall about 2 per cent this year and another 2 per cent next year.
Rents will rise as house prices fall, says Westpac
House prices will fall gently for the next two years before levelling out, says a leading bank economist.