tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, July 18th, 6:20PM

Mortgages

Mortgage Rates Daily Commentary
Thursday 17 July 2025  Add your comment
Crunch time for credit rules – and the FSF isn’t pulling punches

Mortgage advisers aren’t the only ones tired of regulatory whiplash. Non-bank lenders are heading to Parliament on Monday with five fixes to stop the CCCFA from tying up borrowers and your business in unnecessary knots. [READ ON]

rss
Latest Headlines

ASB winning mortgage war

ASB Bank continues to be the stand-out winner among the major banks of the mortgage market war instigated by Bank of New Zealand.

Wednesday, December 14th 2005, 6:30AM

by Jenny Ruth

ASB's September quarter disclosure document shows its mortgage book grew $1.07 billion to $26.11 billion in the three months.

That took its market share to 23.54%, up from 23.37% at the end of June and 22.67% at the end of September last year, using Reserve Bank of New Zealand figures as a proxy for the market.

The growth doesn't appear to be at the expense of profitability which rose 19.1% to $106 million compared with the September quarter last year.

ANZ/National Bank's market share eased slightly during the quarter, although its mortgage book grew $1.22 billion to $38.4 billion.

That puts its market share at 34.62% at the end of September, down from 34.7% at the end of June and 35.24% at the end of September 2004.

ANZ's net profit rose 7.8% to $194 million in the September quarter compared with the same quarter last year.

Among the smaller banks, HSBC, like ANZ, continues to lose market share as a result of taking over the AMP mortgage book. Its mortgage book fell $31 million to $2.14 billion in the three months ended September, its market share easing to 1.93% from 2.02% at the end of June and 2.38% at the end of September last year.

However, HSBC's net profit jumped 33.2% to $6.76 million in the quarter compared with the September quarter last year.

The government's Kiwibank isn't too far off taking over from HSBC as New Zealand's fifth largest home-lending bank, having already overtaken TSB Bank.

Kiwibank's mortgage book grew $286.9 million to $1.81 billion in the September quarter, raising its market share to 1.63%, up from 1.42% at the end of June and 1.22% at the end of September last year.

Kiwibank's profitability isn't suffering any either: net profit jumped more than three-fold to $2.24 million in the latest quarter compared with the September quarter last year.

As previously reported, Westpac's market share at the end of September was 19.4% while TSB's was 1.28%. The other two home lending banks, BNZ and Superbank, have yet to release their September quarter disclosure documents.

« Lenders slow to hike ratesMike Pero independent directors says don't sell »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 4.44 - - -
AIA - Go Home Loans 6.54 4.89 4.95 5.09
ANZ 6.49 5.55 5.55 5.69
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.95 4.95 5.09
ASB Bank 6.44 4.89 4.95 5.09
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.90 - - -
Avanti Finance - Specialised 8.34 - - -
Basecorp Finance 7.15 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 5.99 5.69 5.69
BNZ - Mortgage One 6.54 - - -
BNZ - Rapid Repay 6.54 - - -
BNZ - Std 6.44 4.89 4.95 5.09
BNZ - TotalMoney 6.54 - - -
CFML 321 Loans 4.99 - - -
CFML Home Loans 6.70 - - -
CFML Prime Loans 7.20 - - -
CFML Standard Loans 7.99 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Lender Flt 1yr 2yr 3yr
Co-operative Bank - First Home Special - 4.85 - -
Co-operative Bank - Owner Occ 5.95 4.95 4.99 5.25
Co-operative Bank - Standard 5.95 5.45 5.49 5.75
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.29 5.19 -
First Credit Union Standard 6.94 5.79 5.49 -
Heartland Bank - Online 5.99 5.89 - -
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 7.45 5.90 5.80 -
ICBC 6.50 4.85 4.95 5.05
Kainga Ora 6.44 4.89 4.95 5.09
Lender Flt 1yr 2yr 3yr
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 6.35 5.79 5.85 5.95
Kiwibank - Offset 6.35 - - -
Kiwibank Special - 4.89 4.95 5.15
Liberty 6.90 6.80 6.50 6.45
Nelson Building Society 6.94 4.99 4.93 -
Pepper Money Near Prime 6.85 - - -
Pepper Money Prime 6.29 - - -
Pepper Money Specialist 8.30 - - -
SBS Bank 6.49 5.49 5.55 5.69
SBS Bank Special - 4.89 4.95 5.09
Lender Flt 1yr 2yr 3yr
SBS Construction lending for FHB 3.94 - - -
SBS FirstHome Combo - 4.29 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 8.64 - - -
TSB Bank 7.19 5.69 5.75 6.09
TSB Special 6.39 4.89 4.95 5.29
Unity First Home Buyer special - 4.29 - -
Unity Special 6.64 4.99 4.99 -
Unity Standard 6.64 5.79 5.79 -
Wairarapa Building Society 6.75 5.09 4.95 -
Westpac 6.59 5.49 5.55 5.59
Lender Flt 1yr 2yr 3yr
Westpac Choices Everyday 6.69 - - -
Westpac Offset 6.59 - - -
Westpac Special - ▲6.99 ▲6.45 ▲6.09
Median 6.56 5.04 5.09 5.25

Last updated: 10 July 2025 4:59pm

Previous News

MORE NEWS»

News Bites
Compare Mortgage Rates
Compare
From
To
For

To graph multiple lenders, hold down Ctrl key while clicking in list box

Also compare rates to OCR
Find a Mortgage Broker

Add your company

Use map
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com