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Bank of New Zealand (BNZ) stories

Grok Academy invites NZ students to third annual Cyber Comp
EduTech

Grok Academy invites NZ students to third annual Cyber Comp

Grok Academy invites students to join the annual Cyber Comp, a four-week cybersecurity challenge aimed at teaching online safety skills nationwide.

By Shannon Williams • 3 min read • Wed, 1st May 2024
Borrowers bet on rate cuts by locking in short-term mortgages
Real estate

Borrowers bet on rate cuts by locking in short-term mortgages

Higher costs now are prompting borrowers to favour one-year deals, even as CoreLogic says that bets on lower mortgage rates are building.

By Michael Curreen • 4 min read • Fri, 26th Apr 2024
Rents increasing twice as much as normal
Real estate

Rents increasing twice as much as normal

New data show annual rent growth hit 6.1% in October, as tight supply and strong migration keep pressure on tenants.

By Michael Curreen • 2 min read • Thu, 7th Dec 2023
Certainty breeds confidence
Housing

Certainty breeds confidence

More vendors returned to the market in November as government and OCR certainty lifted buyer confidence and steadied asking prices.

By Michael Curreen • 4 min read • Sun, 3rd Dec 2023
Quadrent Green Lease bridges the digital gap in New Zealand
Supply Chain

Quadrent Green Lease bridges the digital gap in New Zealand

The Quadrent Green Lease programme champions digital inclusion and e-waste reduction in New Zealand's underprivileged communities.

By Sean Mitchell • 3 min read • Mon, 20th Nov 2023
Confidence returns to property market post-election
Real estate

Confidence returns to property market post-election

Buyer interest lifted in October, with new listings, auctions and asking prices all rising after the election.

By Michael Curreen • 3 min read • Tue, 31st Oct 2023
Awards demonstrate steel industry’s ability to innovate
Residential Property

Awards demonstrate steel industry’s ability to innovate

Record entries underline how new plant and global best practice are helping steel contractors deliver more complex buildings across New Zealand.

By Michael Curreen • 4 min read • Sun, 29th Oct 2023
Property sales up pre-election
Real estate

Property sales up pre-election

Buyers and sellers are returning to the market as September sales rose 5.1% year-on-year and homes sold in fewer days, REINZ said.

By Michael Curreen • 7 min read • Fri, 13th Oct 2023
House prices up for first time since downturn
Real estate

House prices up for first time since downturn

National home values have edged up 0.5% this quarter, but most cities are still below year-ago levels as demand stays patchy.

By Michael Curreen • 13 min read • Mon, 11th Sep 2023
Development activity falling as headwinds intensify
Housing

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
Real estate

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’
Real estate

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
Real estate

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
Real estate

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
Real estate

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
Real estate

‘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
Real estate

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

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