Record number of BNZ Start-Up Alley entries

BNZ Start-Up Alley is one of the highlights of Webstock, the globally significant celebration of the web and gathering of its makers. This year will be no different with a record number of entries into the competition and yet another six fantastic finalists gearing up to pitch their idea to a panel of expert judges on February 16 at the St James Theatre in Wellington.

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Android Pay launches in New Zealand

Whether it’s popping out for a morning coffee or topping up the petrol tank, day to day purchases are set to take on a new level of convenience for Android phone toting BNZ customers – we’ve partnered with Google™ to bring Android Pay™ to New Zealand. From today New Zealander’s with a BNZ Flexi Debit Visa will be the first in the country to use Android Pay on their phones like a contactless card. Continue reading…

Auckland property developers feel funding pinch

As Christmas approaches, BNZ’s Chief Economist Tony Alexander cautions that we’ll see a slowdown in the supply of Auckland houses due to lack of finance available to property developers. However, expect a brighter outlook come the New Year. 

Inflation around the world has been lower than expected by practically all of us since 2009 and that has seen interest rates stay at unusually low levels. These low rates have been one of the factors propelling house prices upward. Now things are changing.

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New Zealand’s Deloitte Fast 50 announced

The 16th edition of the New Zealand Deloitte Fast 50 list was announced last night after a day of business inspiration and advice at Villa Maria Estate from some of NZ’s top athletes, business leaders and companies. It’s BNZ’s third year sponsoring the event and 21 of the 50 companies on this year’s list are BNZ customers. BNZ Director of Partners Shelley Ruha on the importance of picking the right partners for your business.  Continue reading…

Auckland property investors: Deposit rise and limited lending possible

BNZ’s Chief Economist Tony Alexander reflects on Auckland’s housing market since the minimum 40% deposit for property investors was introduced and suggests further changes could be coming.

We are now three months into the period when banks have been implementing the Reserve Bank’s policy of requiring investment property purchasers to have a minimum 40% deposit. The evidence to date from this change is that buyers have backed away from the market, resulting in lower auction clearance rates and properties taking slightly longer to sell. Continue reading…

Investors nerves on edge as US election approaches

BNZ Private Bank Analyst, Katie Thompson, gives us an overview of the current state of play and what you can expect to see in financial markets in the lead up to the US election day.

The US presidential election will take place in just over four weeks, on 8 November 2016. The thought of Republican candidate, Donald Trump, becoming the president of the world’s largest economy is making investors nervous, and setting the stage for more market volatility, given his unconventional views and lack of clear policy direction. Continue reading…

Brexit still got you on edge?

BNZ Private Bank Analyst Chris Stephens, takes a closer look at the impact of Brexit on global financial markets and some of the other key issues that could affect investment returns going forward.

In the week that followed the UK’s referendum vote to exit the European Union (EU), global financial markets fell heavily, but quickly recouped their lost ground. In fact, during the three months since the vote, investors have been quick to shift their focus away from Brexit to other issues that may impact investment returns.

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Auckland’s housing market: What you need to know when buying

BNZ’s Chief Economist Tony Alexander reflects on a few factors to be aware of if you’re looking at investing in the Auckland property market.

Back in the Weekly Overview of November 1, 2012, I produced a list entitled, 19 Reasons Why Auckland House Prices Will Keep Rising. Since then prices on average have risen 65% and while we see minimal chance of another 65% rise over the next four years, it still looks like prices will rise further. Continue reading…