Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Property
Loan-to-value restrictions effective but have some drawbacks - RBNZ
By Rebecca Howard May 22 (BusinessDesk) - New Zealand's loan-to-value ratio restrictions have been effective in improving financial stability but the policy comes with drawbacks, says the Reserve Bank after a detailed review. “By improving the resilience of both households...
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Property
Westpac sees rekindled house price inflation of 7%
By Jenny Ruth May 22 (BusinessDesk) - Westpac is expecting house price inflation to take off again thanks to the government’s decision to scrap plans for a capital gains tax and falling mortgage rates. That puts paid to another cut in the official cash rate. Chief econom...
ASB reviews ownership of Aegis
By Gavin Evans May 21 (BusinessDesk) - Commonwealth Bank of Australia-owned ASB is considering selling its Aegis investment administration business. The firm, started by Sovereign Insurance and 1996 and part of ASB since 1998, administers about $15.2 billion local and offsh...
Law & Regulation
IRD should have doubled claim against Watson's Cullen Group - Professor
By Jenny Ruth May 21 (BusinessDesk) - Inland Revenue Commissioner Naomi Ferguson should have asked the courts for twice as much as it was awarded earlier this month against Eric Watson’s Cullen Group, according to a University of Auckland law professor. The High Court order...
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