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New Zealand Property News -

Savings up but net wealth falling as total household wealth plunges by almost $90 billion
A housing market meltdown, flatlining KiwiSaver performances and mediocre share markets have sent household net wealth plummeting.Total household net wealth fell $88.9 billion during the June 2022 quarter, Stats NZ said today.  But...

Source: nzherald.co.nz - Property | 19 Oct 2022 | 6:54 pm

New Zealand Online Property Market, Home of NZ Real Estate Agents
Financial Markets Authority releases wholesale property investment probe, formal warnings issued
Formal warnings have been issued to seven businesses raising millions for property schemes by making "non-compliant" documents for wholesale property investment offers.Te Mana Tātai Hokohoko, the Financial Markets Authority,...

Source: nzherald.co.nz - Property | 19 Oct 2022 | 4:27 pm

New Zealand Online Property Market, Home of NZ Real Estate Agents
Committee to continue asking questions NZers want answers to - Simon Bridges

The Epidemic Response Committee will resume on Tuesday to continue probing the Government’s response to Covid-19, Opposition Leader Simon Bridges says.


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Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 8 Apr 2020 | 10:01 pm

New Zealand Online Property Market, Home of NZ Real Estate Agents
Mortgage deferrals will not affect customer credit ratings - NZBA

Anyone who has deferred their mortgage repayments for up to six months because they are financially impacted by Covid-19 will not have their credit rating affected as a result of the deferral, provided they were not in arrears before the pandemic.


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Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 8 Apr 2020 | 6:44 pm

New Zealand Online Property Market, Home of NZ Real Estate Agents
The Co-op Bank confirms no rebate payments for financial year ended 31st March

Due to the materially different economic environment New Zealand now faces as a result of the COVID-19 pandemic, the Board of Directors of The Co-operative Bank - a customer owned bank - has agreed that the Bank will not be paying a rebate for the financial year ended 31st March 2020.


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Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 7 Apr 2020 | 5:31 pm

New Zealand Online Property Market, Home of NZ Real Estate Agents
Expanded large scale asset purchases - RBNZ

The Reserve Bank of New Zealand has added $3 billion of Local Government Funding Agency (LGFA) debt to its Large Scale Asset Purchase programme (LSAP). This represents approximately 30 percent of the total LGFA debt on issue, and takes the total size of the LSAP to $33 billion over 12 months.


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Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 6 Apr 2020 | 11:38 pm

New Zealand Online Property Market, Home of NZ Real Estate Agents
Reserve Bank's 'quantitative easing' repeats the mistakes of others - Positive Money

Those who do not learn from history are doomed to repeat it and our Reserve Bank has chosen to repeat a costly mistake, says Positive Money national spokesperson Don Richards.


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Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 6 Apr 2020 | 7:42 pm

New Zealand Online Property Market, Home of NZ Real Estate Agents
Manufacturing slump, "two bad weeks", destroy sentiment - CMC Markets

By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)


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Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 1 Apr 2020 | 7:10 pm

New Zealand Online Property Market, Home of NZ Real Estate Agents
Govt called on to pay the country's next rates bill - Social Credit

The government needs to step up and pay the next rates instalment to councils on behalf of property owners and businesses as part of its economic support package.


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Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 1 Apr 2020 | 7:37 am

New Zealand Online Property Market, Home of NZ Real Estate Agents
Fair Insurance Code helps to improve understanding of insurance - ICNZ

The Insurance Council of New Zealand (ICNZ) has today launched its revised Fair Insurance Code which encourages good conduct and professionalism in the insurance industry and describes how the relationship between insurers and their customers should work.


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Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 30 Mar 2020 | 6:27 pm

New Zealand Online Property Market, Home of NZ Real Estate Agents
Working together to ensure cash-flow and confidence - NZ Reserve Bank

Te PÅ«tea Matua - the Reserve Bank of New Zealand - is working closely with the whole of government and industry to ensure financial stability.


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Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 29 Mar 2020 | 9:35 pm

New Zealand Online Property Market, Home of NZ Real Estate Agents
Retail banks agree to a mortgage holiday repayment scheme

Retail banks have agreed to a mortgage holiday repayment scheme for those affected by Covid-19, Minister of Finance Grant Robertson has announced.

Photo: fantasista/123RF


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Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 29 Mar 2020 | 7:26 pm

New Zealand Online Property Market, Home of NZ Real Estate Agents