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The RBNZ has ramped up the pace on interest rate cuts, delivering a 0.50% reduction to the OCR on 9th October. And with more big cuts seemingly in the pipeline, here's what that means for interest rates, the wider economy and New Zealand's housing market.
Over the last couple of years, a combination of high build costs and high interest rates have wreaked havoc for New Zealand's construction industry, leaving many unable to afford to build or buy new. But with interest rates on the way down again, there's finally some light at the end of the tunnel.
With the OCR on the way down again, chances are you've already started to notice that chipping away at the returns you earn on your savings. Here, we explain why that is, and what options are out there for savers looking to still earn great returns, even in a falling rate environment.
With some developers stepping in to fill the gap left by the First Home Grant earlier this year, lenders are adapting their rules around what's acceptable (and what's not) as a source of deposit. Here's what you need to know about ANZ's new guidelines around the treatment of developer cash contributions.
