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Bank of New Zealand (BNZ) stories

Development activity falling as headwinds intensify
Supply Chain

Development activity falling as headwinds intensify

New building consents are set to fall to their lowest since the Global Financial Crisis as higher rates, costs and tighter lending squeeze projects.

By Michael Curreen • 5 min read • Tue, 5th Sep 2023
Reserve Bank taking ‘wait and see’ approach
Bank of New Zealand

Reserve Bank taking ‘wait and see’ approach

Borrowers facing repricing will welcome a stable OCR, with the Reserve Bank now signalling cuts may not come until early 2025.

By Michael Curreen • 3 min read • Fri, 18th Aug 2023
Housing market in state of ‘heightened volatility’
National Party

Housing market in state of ‘heightened volatility’

Low sales volumes are making New Zealand house-price falls swing sharply from month to month, QV says, even as declines ease overall.

By Michael Curreen • 16 min read • Tue, 11th Jul 2023
Home sales record first annual increase in two years
Bank of New Zealand

Home sales record first annual increase in two years

Tighter stock on the market and a 7.5% rise in sales point to New Zealand housing volumes finally bottoming out after a long slump.

By Michael Curreen • 3 min read • Fri, 23rd Jun 2023
Sales volumes rise in the regions – latest REINZ figures
Northland

Sales volumes rise in the regions – latest REINZ figures

Regional housing markets are regaining confidence as eased lending rules and steadier rates lifted May sales in seven areas, REINZ said.

By Michael Curreen • 7 min read • Fri, 16th Jun 2023
More mortgage enquiries after LVR rise
Bank of New Zealand

More mortgage enquiries after LVR rise

First-home buyers are returning to lenders as looser loan-to-value rules give them more room to qualify for a mortgage.

By Michael Curreen • 3 min read • Wed, 7th Jun 2023
Have yields peaked with OCR raises?
Supply Chain

Have yields peaked with OCR raises?

Property investors may see yields stabilise soon, as the Reserve Bank of New Zealand signals its Official Cash Rate has peaked and cuts loom.

By Michael Curreen • 5 min read • Tue, 6th Jun 2023
‘Green shoots’ emerge in declining property market
Bank of New Zealand

‘Green shoots’ emerge in declining property market

First home buyers are showing renewed interest as easing lending rules and softer prices create opportunities in New Zealand’s slow market.

By Michael Curreen • 5 min read • Fri, 12th May 2023
Average New Zealand house price back to $900,000
Northland

Average New Zealand house price back to $900,000

Values are still falling in several centres, but slower declines and firmer migration are hinting the market may be nearing bottom.

By Michael Curreen • 16 min read • Tue, 9th May 2023
Reserve Bank proposing to ease LVR restrictions
Bank of New Zealand

Reserve Bank proposing to ease LVR restrictions

First-home buyers could find it easier to secure mortgages as lending limits are raised from 1 June, easing pressure on banks.

By Michael Curreen • 3 min read • Fri, 28th Apr 2023
The beginning of the end of NZ’s house price downturn?
GFC

The beginning of the end of NZ’s house price downturn?

Signs of a floor are emerging as mortgage rates stabilise and sales improve, though values have still fallen 10.5% over the past year.

By Michael Curreen • 3 min read • Thu, 20th Apr 2023
Is the housing market a casualty of the Reserve Bank’s war on inflation?
Bank of New Zealand

Is the housing market a casualty of the Reserve Bank’s war on inflation?

Mortgage rates may already be near their peak, but new borrowers still face tough affordability tests and repricing pressure for months.

By Michael Curreen • 4 min read • Wed, 5th Apr 2023
BigCommerce, BNZ team up for digital transformation
Digital Transformation

BigCommerce, BNZ team up for digital transformation

The integration helps BNZ customers digitally transform their businesses to expand customer reach, drive more sales and increase revenue.

By Shannon Williams • 3 min read • Tue, 14th Feb 2023
Property market steadying as buyers emerge
Bank of New Zealand

Property market steadying as buyers emerge

Higher rates and recession fears are keeping sales weak, but buyers are reappearing as inventory swells and price falls slow.

By Michael Curreen • 9 min read • Tue, 14th Feb 2023
Are property investors out for the count?
National Party

Are property investors out for the count?

Weak market conditions and higher borrowing costs have driven mortgaged property investors to near-record lows, though cash buyers are still active.

By Michael Curreen • 4 min read • Tue, 7th Feb 2023
Will the election have an impact on property market activity?
New Zealand Labour Party

Will the election have an impact on property market activity?

Uncertainty over tax and housing policy could briefly slow residential sales, though commercial activity is likely to stay driven by rates and inflation.

By Staff Writer • 4 min read • Mon, 6th Feb 2023
No reprieve for persistent property price falls
New Zealand Labour Party

No reprieve for persistent property price falls

New Zealand home values fell for a 10th straight month in January, leaving prices 7.2% below a year ago and raising further downside risks.

By Michael Curreen • 6 min read • Wed, 1st Feb 2023
QV releases predictions for 2023 property market
GFC

QV releases predictions for 2023 property market

Higher borrowing costs and recession fears are expected to keep New Zealand house values under pressure through 2023, QV says.

By Michael Curreen • 15 min read • Fri, 20th Jan 2023