Two major banks have announced an increase in their lending restrictions to foreign buyers.
New Zealand’s dollar surged to the highest level in a year as the prospect of continued central bank inaction at home and in the U.S. burnished the smaller nation’s interest-rate premium.
The rise in digital banking is causing a power shift from banks to customers, a major bank says.
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New Zealand’s increasing allure is proving a headache for its finance minister.
A new survey has found that the vast majority of Kiwis believe the profits banks make show they’re charging too much to the customer.
The Property Institute boss has expressed support with the decision of a political party to remove restrictions on mortgage lending
A second real estate agency has joined the call for exempting first home buyers from the 20% deposit requirement
The easing in sales volumes mirrors the situation in the national residential market, says REINZ