RBNZ LVR limit cools housing market

The Reserve Bank of New Zealand's controversial speed limit on low deposit mortgage growth appears to be working to slow riskier lending and cool the overheated housing market. read more

Bluestone eyes New Zealand expansion

Australasian non-bank mortgage lender Bluestone Group hopes to use some of a capital injection from the UK as a launch-pad for a return to lending in New Zealand. read more

RBNZ warns of 2014 hikes

The Reserve Bank of New Zealand has warned it expects to increase the official cash rate by 225 basis points to 4.75 per cent by early 2016, starting as early as March or April next year. read more

RBNZ exempts new builds

The Reserve Bank of New Zealand has tweaked its 'speed limit' on low deposit mortgages by exempting loans used to fund new homes. RBNZ governor Grant Spencer said the exemption for all high LVR loan.. read more

Westpac NZ cuts variable rate

Westpac has become the first major New Zealand bank to cut its variable mortgage rate since March 2011, opening a new front in an intensifying battle to grow higher deposit borrowing. read more

NZ high LVR lending halves

Low-deposit lending in New Zealand halved in the first month of a new speed limit to restrict such lending, but a surge in high deposit lending more than offset the fall, raising the prospect it may n.. read more

NZ covered bonds legal

The New Zealand Parliament has passed the Reserve Bank Covered Bond bill into law, establishing a legal framework for covered bonds well after its five biggest banks had already issued over NZ$11 bill.. read more

BNZ financially independent from NAB

Bank of New Zealand has repaid all its unsecured loans from its parent, National Australia Bank, as it moved to reduce its reliance on offshore wholesale funding. read more