Financial Tips & Guides
ANZ NZ’s managing director of personal banking, Ben Kelleher, said: “Lending for apartments does carry more risk than for other property, and we’ll still need a higher, 50% deposit for smaller apartments below 38m² and other, non-standard apartments like leasehold or studio apartments. “Higher risks Read More …
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The Financial Markets Authority has released a guide on talking about money online aimed at social media influencers as well as tips for consumers who may come across people providing financial commentary online. Rob Everett, FMA chief executive, said it was fine to talk about Read More …
A rare houseplant up for auction on Trade Me has attracted a winning bid of $27,100. The variegated minima is a variety of the philodendron minima, which is a vining plant that is native to tropical forests. The variegation refers to the colouring of the Read More …
Many mortgage-holders who put their repayments on hold during the Covid-19 lockdown have struggled to pick them up again, new data shows. Credit reporting bureau Centrix analysed the data in its credit files to reveal that while the mortgage deferral scheme had been an overall Read More …
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This year, Treasury made an interesting prediction that house prices will flatten off in the next 12 months, finally giving buyers some breathing room. Take this with a grain of salt, because Treasury also thought house prices might fall over the past year, because of Read More …
KiwiSaver just keeps growing in value for households. Designed to enable people to save more effectively for their retirement, and lift the nation’s savings rate, it has become a big deal in people’s lives. Young folk use it to build up house deposits. Middle-aged folk Read More …
Today on The Detail, Emile Donovan sits down with the editor of the NBR’s Maria Slade to discuss The List, as it’s now known; whether this change is simply a PR move for the mega-wealthy; and how these people are using the vast reservoir of Read More …
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Jane Wrightson, Retirement Commissioner and the head of the Commission for Financial Capability – the Government’s money education arm – said the strategy would bring together commercial entities, the non-profit sector, iwi and the government to work together.
Cabinet in December 2019 made an “in-principle” decision for the cap to sit at $50,000, but following public consultation during 2020, decided to increase this limit. Once implemented by mid-2023, the scheme will see registered banks and licensed deposit-takers like building societies, credit unions and Read More …
Jane Wrightson, Retirement Commissioner and the head of the Commission for Financial Capability – the Government’s money education arm – said the strategy would bring together commercial entities, the non-profit sector, iwi and the government to work together.