NZ launches property tax crackdown

The New Zealand Government has launched a crackdown on residential investment property traders in an attempt to help the Reserve Bank of New Zealand control runaway house price inflation in Auckland. read more

RBNZ targets Auckland landlords

The Reserve Bank of New Zealand has refocused its restrictions on high loan to value ratio mortgage lending to target Auckland rental property investors as it grapples with the financial risks of annu.. read more

BNZ profit rises with margins

National Australia Bank's New Zealand unit BNZ has reported a 4.5 per cent increase in first half profit after it grew its net interest margin by more than its rivals and held cost growth down to just.. read more

ANZ NZ growth still solid

ANZ's New Zealand division continued to produce solid underlying profit growth in the first half as it grew market share in mortgage lending and deposits, while also increasing its net interest margin.. read more

Westpac NZ eyes capital increase

Westpac New Zealand estimates it could need an extra NZ$100 million in capital under new requirements being worked on by the Reserve Bank of New Zealand in an attempt to slow lending to landlords. read more

RBNZ adopts easing bias

The Reserve Bank of New Zealand has formally adopted an easing bias and has removed its previous talk of possible future hikes in its Official Cash Rate, which was held unchanged at 3.5 per cent. read more

NZ lending growth surges in March

Reserve Bank of New Zealand measures of credit growth found business lending grew at an annual rate of 7.3 per cent in March, which was up from a 4.7 per cent rate in February and the fastest growth i.. read more

RBNZ calls for tax help on investor loans

The Reserve Bank of the New Zealand has taken the unprecedented step of directly calling on the Government to help it control unsustainable inflation in the Auckland housing market by reducing the tax.. read more

NZ's Semble launches mobile wallet

The closely-watched consortium of New Zealand banks, mobile phone companies and the country's main payments network has formally launched its integrated mobile wallet to almost a million Android phone.. read more