Bank of New Zealand (BNZ) stories
New Zealand home values kept climbing in February, lifting the average house to NZD $722,475 and worsening affordability for buyers.
Mortgaged buyers lifted their share of property purchases to 25% by the end of 2019, with some suburbs seeing them dominate the market.
A stronger fintech climate has lifted Auckland into Asia Pacific’s top 25, with New Zealand now ranked 45th globally in a new index.
Auckland's housing recovery is gathering pace, with low rates and tight listings expected to push prices higher in 2020.
Tight listings and lower bank serviceability tests are helping to lift New Zealand house values, with Auckland appearing to have bottomed out.
Nationwide house values rose 0.4% in October, as easing lending tests drew buyers back and lifted annual growth to 2.8%.
Bank of New Zealand and Vodafone New Zealand join forces to launch a business accelerator programme for Kiwi startups.
House price growth is expected to remain modest as easing lending conditions and strong migration support demand, but listings stay tight.
New Zealand SME owners need to reassess their approach to investing in their businesses, as current exit strategies are detrimental, says expert.
Many first-home buyers will still be shut out by income and price caps, leaving family loans and deposits crucial to getting on the ladder.
Looser deposit rules and bigger grants could help tenants buy sooner as Government-backed schemes are made more accessible.
Borrowers and savers face a shift as New Zealand rates fall, prompting calls to move cash into productive assets rather than bank deposits.
It's a common thought that the elderly are most likely to get scammed, but BNZ says it's also busy parents who are finding themselves on the receiving end too.
Investor buying climbed to 25% of New Zealand property purchases in July, the highest share since late 2016, CoreLogic said.
Widening the KiwiSaver HomeStart grants could help more first-home buyers bridge soaring deposits as rents climb and rates stay low.
New Zealanders are being caught out more than ever before – but at the same time there's a serious effort going on to raise awareness about the issue.
The transition follows the Building Nations Symposium, with outgoing chief Stephen Selwood credited for 14 years of reform and advocacy.
Auckland’s more permissive zoning is helping ease prices, widen lending and give first-time buyers a better shot at home ownership.
Microsoft and 9 Spokes celebrate their first co-sell success with the Bank of New Zealand, delivering innovative SMB solutions through BNZ My Business Live.
Gamified training could help ease hiring woes in construction, with a new tycoon game aimed at teaching employability skills and industry realities.
