Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
ASB lends more than $2b on new builds since mid-May
Finance

ASB lends more than $2b on new builds since mid-May

ASB Bank said the response to its offer has been phenomenal.

Staff reporters 30 Jun 2021
Finance sponsored by
First Mortgage Trust
First Mortgage Trust is an investment manager that specialises in property lending. For nearly 30 years we’ve been helping New Zealanders protect and grow their wealth.
RBNZ intensifies banking supervision
Finance

RBNZ intensifies banking supervision

The Reserve Bank is developing metrics to measure how stretched house prices are.

Jenny Ruth 29 Jun 2021
ANZ launches new 1.68% floating rate for new builds
Finance

ANZ launches new 1.68% floating rate for new builds

ANZ Bank NZ said making it more affordable to build new houses can help reduce the current shortage of homes.

Jenny Ruth 28 Jun 2021
Why are floating interest rates so high?
Opinion

Cameron Bagrie: Why are floating interest rates so high?

Plaudits to ANZ for its 1.68% floating rate for new build homes. But it should also raise some questions over the gap between floating rates relative to short-term fixed rates.

Cameron Bagrie 28 Jun 2021