Elevated interest rates have encouraged mortgage holders to switch banks at a record rate.

The value of mortgages refinanced by a new bank climbed to $1.75 billion in July – the largest amount since at least 2017, when the Reserve Bank started publishing this data.

NZ Herald Wellington business editor Jenee Tibshraeny unpacks the market factors encouraging homeowners to bank-hop. 

LISTEN ABOVE

Elevated interest rates have encouraged mortgage holders to switch banks at a record rate.
The value of mortgages refinanced by a new bank climbed to $1.75 billion in July – the largest amount since at least 2017, when the Reserve Bank started publishing this data.
NZ Herald Wellington business editor Jenee Tibshraeny unpacks the market factors encouraging homeowners to bank-hop. 
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on the uptick in mortgage holders switching banks

The UK is set to start talks on a new co-operation treaty with Germany, as the Labour Government looks to 'reset' relations with Europe.

Prime Minister Sir Keir Starmer arrived in Berlin to meet with German Chancellor Olaf Scholz - and he explained the deal was part of a bid to 'turn a corner' on Brexit.

UK correspondent Gavin Grey says the agreement will address trade opportunities - and cover energy security, technology and science.

LISTEN ABOVE

The UK is set to start talks on a new co-operation treaty with Germany, as the Labour Government looks to 'reset' relations with Europe.
Prime Minister Sir Keir Starmer arrived in Berlin to meet with German Chancellor Olaf Scholz - and he explained the deal was part of a bid to 'turn a corner' on Brexit.
UK correspondent Gavin Grey says the agreement will address trade opportunities - and cover energy security, technology and science.
LISTEN ABOVE

Gavin Grey: UK correspondent on Prime Minister Sir Keir Starmer setting up a co-operation treaty with Germany

Air New Zealand's financial results are out tomorrow - and hopes aren't flying particularly high. 

The airline has been hit with plane engine troubles, increased competition and decreased consumer demand.

Milford Asset Management's Jeremy Hutton outlined some predictions about the airline's financial state.

LISTEN ABOVE

Air New Zealand's financial results are out tomorrow - and hopes aren't flying particularly high. 
The airline has been hit with plane engine troubles, increased competition and decreased consumer demand.
Milford Asset Management's Jeremy Hutton outlined some predictions about the airline's financial state.
LISTEN ABOVE

Jeremy Hutton: Milford Asset Management Equities Analyst on Air New Zealand's financial year results

Ever since Singapore introduced congestion charges in the 1970s, other cities have tried to emulate its success.

Wellington is the latest major New Zealand city to look at introducing congestion charges as a means of reducing traffic and improving public transport?

Tony Canavan, EY's Global Transport Leader for the Government and Public Sector, explains how the right projects can boost a city's growth - and gave examples from across the world.

LISTEN ABOVE

Ever since Singapore introduced congestion charges in the 1970s, other cities have tried to emulate its success.
Wellington is the latest major New Zealand city to look at introducing congestion charges as a means of reducing traffic and improving public transport?
Tony Canavan, EY's Global Transport Leader for the Government and Public Sector, explains how the right projects can boost a city's growth - and gave examples from across the world.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on the uptick in mortgage holders switching banks

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