Property Legals
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22/02/2023
"They have been very quick to increase the mortgage lending rates, but deposit rates have lagged behind, and bank margins are holding up," says Adrian Orr, and the proof is in the pudding with Kiwibanks's half-year profit surging by 53% to almost $100 million (see Gareth Vaughn's latest article on Interest.co.nz).
And why is this important? Well "higher deposit rates are a critical part to encourage savings which takes inflation pressure out of the economy".
Click on the link below to read the full article:
Orr jabs at banks on deposit rates and inclusion RBNZ Governor Adrian Orr calls on banks to lift deposit rates as much as mortgage rates; says Gabrielle shows banks haven't done enough on inclusion and resilience in regional areas
We are back in the PL podcast studio today after a short hiatus. Tune in to our latest episode to hear Shane and Luella discuss the upcoming changes to the Offical Cash Rate (announcement due 2pm today), rising interest rates and the housing market.
Do you have other topics you would like to hear discussed? Let us know in the comments below!
20/09/2022
Check out the latest post from OneRoof for 5 bite-sized updates on the property market.
While some data points are down others are on the rise and there may be light at the end of the tunnel in 2023.
84% of suburbs in the red as Kiwi exodus continues The five things you need to know about the housing market this week.
10/05/2022
Late night LIM reviews call for in our PL merch
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