Home Loans

How much to build a new house in NZ?

How Much to Build a New House in NZ? In this article we cover: Median cost of buying an existing house in NZ Cost of building an average new home We're building more smaller homes …

Finance News - June 9th

In which direction are mortgage interest rates headed?

Between November 2021 and May 2023, the Reserve Bank (RBNZ) lifted the Official Cash Rate (OCR) from its all-time low of 0.25% to 5.50% – a level not seen since before the GFC, in 2008. As …

Home Loans - May 1st

Am I too old for a home loan in New Zealand?

KEY POINTS: The closer you get to retirement age, the more difficult it becomes to gain approval for a mortgage. As a mature person, to improve your chances of securing a mortgage, you'll need to …

Home Loans - April 22nd

Best Home Loans: Canstar’s Home Loan Awards

It's always imperative to compare home loan lenders and mortgage products. Whether you're a first home buyer, a property investor, or a homeowner looking to refinance, you can potentially save thousands of dollars in fees …

Finance News - April 9th

Mortgage Cashbacks: What’s On Offer?

Canstar explores the current mortgage cashbacks on offer from the banks, and checks to see how the deals stack up. Mortgage Cashbacks While some banks make a big show of their first home buyer deals, it's worth …

Finance News - March 2nd

Australian vs New Zealand Mortgage Rates

Mortgage rates in Australia Here is an overview of the current average, minimum and maximum rates for owner-occupier home loans on our Australian database: Owner-Occupier Mortgage Rates Floating 1-Year Fixed 2-Year Fixed 3-Year Fixed 4-Year Fixed 5-Year Fixed Average 6.36% 5.80% 5.80% 5.90% 6.10% 6.17% Min 5.19% 5.39% 5.29% 5.39% 5.69% 5.74% Max 8.89% 6.99% 7.04% 6.99% 6.84% 7.34% Rate statistics, correct: March 01, 2026. …

Banking & Insurance - August 27th

The BNZ Rated No.1 by Kiwis for Home Loans

Congratulations to the BNZ, rated the best bank for home loans by Kiwi mortgage holders in Canstar's latest award survey. Most of Canstar's banking awards are based on research undertaken by our dedicated team of number …

Home Loans - August 4th

Refinancing Your Mortgage: How to Negotiate a Better Home Loan

KEY POINTS: If you're willing to put effort into renegotiating your mortgage, banks and lenders are prepared to offer substantial cash incentives to secure your business. Deals you can possibly negotiate include cashbacks, reduced mortgage …

Home Loans - July 30th

Can You Buy a House With No Deposit?

KEY POINTS: It's unlikely for a home buyer to be able to secure a home loan with no deposit, as mortgage lenders require borrowers to demonstrate a history of saving. Most home loan lenders have …

First Home Buyers - July 22nd

The Co-operative Bank: the Best Lender for First Home Buyers

Over the past 18 months, the stars have finally aligned for first home buyers (FHBs). Thanks to falling interest rates and lower house prices, purchasing a first property has become more attainable for many Kiwis. However, …