NZ mortgage payments to drop by $3b in the next year: Macquarie
About 70% of mortgages will reprice in the next 12 months and that is going to mean New Zealand’s collective mortgage payments will fall by about $3 billion, according to analysis by Macquarie Research.
“While not a game changer, it is a notable positive for the NZ consumer and the broader macro outlook,” Macquarie said.
The research house said that after a trip here it thinks the New Zealand economic recovery “is clearly lagging expectations” and that the mantra has changed from “survive til 25” into “it’ll be fixed in 26.”
“While...MORE»
Advisers well positioned to fill SME lending gap left by banksSaturday, June 21st, 2:49AM
Small businesses struggling to access capital as bank lending slows. MORE» |
Calls for hold on OCR strengthen as GDP comes in higher than expectedThursday, June 19th, 12:17PM
Economists expect the OCR to be kept on hold at its meeting next month as GDP came in at 0.8% for the first quarter of the year – higher than most forecasters had predicted. MORE» |
NZFSG teams up with Cotality
NZFSG and Cotality (formerly Core Logic) partner to empower mortgage advisers with industry-leading property data and insights.
MORE»Rising inflation adding to RBNZ’s headache
Inflation is expected to break through the RBNZ’s top line of 3% in the next quarter, intensifying its headache.
MORE»Professional mortgage advice central as wave of fintechs expected
Fintechs offering cheap mortgages without advice to borrowers won’t make mortgage advisers redundant.
MORE»Townhouse values hit and miss as buyers prefer stand-alone houses
Easing mortgage rates mean more affordable stand-alone houses are appealing to home buyers again.
MORE»Growth here, there, not quite everywhere
Westpac has upgraded its GDP growth expectations from 0.4% to 0.7% meaning a strong case for the RBNZ to leave the OCR unchanged at its July review.
MORE»