KiwiSaver withdrawals funding half of first home buyer deposits: KPMG

KiwiSaver withdrawals funding half of first home buyer deposits: KPMG
Pattrick Smellie
By Pattrick Smellie July 11 (BusinessDesk) - First home buyers continue to grow as a proportion of the total home mortgage market, with KiwiSaver fund withdrawals now accounting for about half the deposits used to secure a first home, according to KPMG. Two years ago, first home buyers made up just 11.9 percent of new mortgage lending, but that had increased steadily to hit 17.2 percent in the March quarter, while property investors continue to fall away as mortgage borrowers, the firm says in its latest quarterly review of the banking ma...

More Finance

FNZ settles dispute with US executives
Finance

FNZ settles dispute with US executives

Adam Green and Steve Gross resigned on the same day late last year. 

Decision to cancel licence for crowdfunder Equitise ‘not taken lightly’ – FMA
Finance

Decision to cancel licence for crowdfunder Equitise ‘not taken lightly’ – FMA

Repeat offender Equitise facilitated two deals after it was deregistered last year.

Jem Traylen 17 Apr 2024
Central banks slowly winning war on inflation
Finance

Central banks slowly winning war on inflation

But policymakers remain wary of rising prices. 

Bloomberg 16 Apr 2024
Greenslade to step down as Heartland announces Aus leadership
Finance

Greenslade to step down as Heartland announces Aus leadership

Heartland expects to complete the Challenger Bank acquisition by April 30. 

Staff reporters 08 Apr 2024