More to housing slowdown than CCCFA lending rules

More to housing slowdown than CCCFA lending rules
Many factors, including a squeeze on developers' finance, are affecting the housing market. (Image: Getty)
Cameron Bagrie
Ten percent.That is the proportion of the $1.679 billion rise in the total housing lending stock – new lending less repayments – accounted for by non-banks, or $168 million in January 2022. It is a phenomenal proportion and shows the potential impact of the Credit Contracts and Consumer Finance Act (CCCFA) and the shifting landscape as borrowers look to other sources.     The non-bank share of home lending has been rising over the past year and is accelerating.Non-bank lending can jump around from month to month...

More Finance

Rob Everett to replace Joy Marslin as Simplicity chair
Finance

Rob Everett to replace Joy Marslin as Simplicity chair

The former chief executive of FMA and NZGCP starts on the board in May.

Staff reporters 01 May 2025
BNP Paribas appoints new CEO for NZ and Australia
Finance

BNP Paribas appoints new CEO for NZ and Australia

The financial services company employs more than 600 people across Australasia.

Staff reporters 30 Apr 2025
Kernel adds shares and ETFs, but no day trading
Finance

Kernel adds shares and ETFs, but no day trading

Kernel Wealth's test share buyers have been piling into Nvidia, Apple and Google.

PEP seeking payday from UP Education
Finance

PEP seeking payday from UP Education

UP Education is a NZ success story in Australia.

Pattrick Smellie 23 Apr 2025