Feature article
The great bank switch
Why record numbers of Kiwi are chasing cash-backs
AI summary
Record numbers of Kiwi borrowers are switching banks to secure generous cash-backs, a trend made easier by low break fees. This comes as homeowners face a tough choice between fixing interest rates for certainty or floating to catch the bottom of the cycle.
According to Kelvin Davidson of Cotality, property sales are also outpacing new listings, which could soon reduce buyer negotiating power. While 2026 may see more consistent price growth, new Debt-to-Income (DTI) rules will likely prevent another boom.
The borrower's dilemma: to fix or to float?
The great bank switcheroo
Spring listings vs. sales
Outlook for 2026
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