David Hargreaves

New Zealand

Senior Journalist and News Editor at Interest.co.nz

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Articles

What happened Wednesday

3 days ago | interest.co.nz | David Chaston |David Hargreaves

Economy / news A review of things you need to know before you sign off on Wednesday; more retail rate cuts, Barfoot prices lower, dairy prices lower, new population projections, more vehicle securitisations, swaps stable, NZD holds, & more 4th Jun 25, 3:59pm by Here are the key things you need to know before you leave work today (or if you work from home, before you shutdown your laptop). MORTGAGE RATE CHANGES ASB has joined ANZ trimming its fixed rates. Basically they are matching rivals’...
ANZ follows with its fixed mortgage rate changes

4 days ago | interest.co.nz | Gareth Vaughan |David Hargreaves |David Chaston

Personal Finance / analysis Our largest home loan lender shores up its rate position as challengers, including some of its main rivals, shift to lower positions in a tightly competitive market 3rd Jun 25, 5:06pm by ANZ, the nation's largest mortgage lender with more than 72% of all its lending in home loans (March 2025 RBNZ Dashboard), has moved to retain its market position by trimming its fixed rates. This move comes after BNZ (with less than 57% of all its loans in mortgages) moved last...
What happened today

4 days ago | interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves

Here are the key things you need to know before you leave work today (or if you work from home, before you shutdown your laptop). MORTGAGE RATE CHANGESBank of China and ICBC both cut their floating rates. NBS (Nelson Building Society) cut both its fixed and floating rates. And ICBC, the Police Credit Union, and WBS all cut fixed rates. All rates are here. TERM DEPOSIT/SAVINGS RATE CHANGESRabobank trimmed its savings rates today following the OCR reduction. Bank of Baroda also cut TD rates.
Breakfast briefing: Global expansion leaks on weakening US

4 days ago | interest.co.nz | David Chaston |Gareth Vaughan |David Hargreaves

Economy / news Dairy prices slip; US data underwhelms; Korea elects opposition candidate; China factories slow; EU inflation low; OECD sees lower growth; modest AU minimum wage rise; UST 10yr at 4.46%; gold down and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.1 4th Jun 25, 7:19am by Here's our summary of key economic events overnight that affect New Zealand, with news the global economic expansion is losing pace, led by the US. But first up today, the overnight full dairy auction pulled back, and...
Housing market remains overstocked heading into winter - asking prices flat

5 days ago | interest.co.nz | Greg Ninness |Gareth Vaughan |David Hargreaves

The housing market appears likely to remain overstocked over winter which is likely to continue keeping a lid on prices. The latest listing figures from Realestate.co.nz show that there were 34,415 residential properties available for sale on the website at the end of May, up 5.6% compared to the same time last year. That is the most stock that's been available for sale on the website in the month of May in 11 years.
Impossible missions

6 days ago | interest.co.nz | Chris Trotter |Gareth Vaughan |David Hargreaves

By Chris Trotter*“Your mission, Mr Hipkins, should you choose to accept it, is to lead Labour to victory in 2026.” Except, as always, the drama of a Mission Impossible movie lies not in the what, but in the how. Of course Chris Hipkins is willing to lead Labour to a win. The real question is whether or not he is prepared to do what it takes to make the election of a stable and credible centre-left government something more than an impossible mission. What will it take?
Market discipline will prevail in the US

6 days ago | interest.co.nz | Gareth Vaughan |David Hargreaves |Nouriel Roubini

Since US President Donald Trump’s election last year, I have argued that at least some of his policies will lead to higher growth and lower inflation over time. This applies to his support for tech-industry innovation, deregulation, lower tax rates on labour and corporations, enhanced energy production, and cuts to wasteful public spending. Trump’s other policies, however, are stagflationary.
David Seymour twerks into the top job

1 week ago | interest.co.nz | Dan Brunskill |Gareth Vaughan |David Hargreaves

The countdown is over: ACT Party leader David Seymour will be sworn in as Deputy Prime Minister at midday on Saturday. It’s a striking achievement for the 41-year-old career politician, who almost singlehandedly kept the party alive after its disastrous 2011 election result. John Banks, the sole surviving MP and leader by default, declared the ACT brand was past its “use-by date” and stepped down before the 2014 election.
Understanding the call to protect farming from carbon forestry

1 week ago | interest.co.nz | Angus Kebbell |Gareth Vaughan |David Hargreaves

For years now, I have been highlighting the importance of farming in this country, while also sounding the alarm on permanent exotic forestry being planted solely for carbon farming at the expense of food production and rural communities. It is no secret that large emitting corporations are driving this agenda, using the ability to offset their emissions rather than confronting their own activities.
Residential auction activity eased off in the final week before the start of winter

1 week ago | interest.co.nz | Greg Ninness |Gareth Vaughan |David Hargreaves

Auction activity eased off a bit in the final week before the official start of winter. Interest.co.nz monitored the auctions of 359 residential properties around the country over the week of 24-30 May, down from 416 the previous week. Of the 359 properties on offer, 137 sold under the hammer, giving an overall sales rate of 38% which was little changed from the previous few weeks.