7 September 2016
New house buyers are going to be cut more slack by the Reserve Bank under the terms of the revised LVR rules coming into effect on October 1. Buyers will now have six months after a house has been built to buy it. Interest.co.nz.More>
19 August 2016
New Zealand homeowners with loans worth more than $3 billion have fallen behind on their mortgage payments.The big four banks had a total of $3.1 billion in past-due loans on their books in their most recent statements. These are loans that have not yet been classed as "impaired assets" by the banks - they still think they can expect to see repayments eventually.