ASB imposes immediate 30% LVR on investors

Post author By New Zealand Blog News Service
Post date November 12, 2020

ASB bank has unilaterally imposed an immediate loan to value ratio on property investors, who will now need a 30 percent deposit.

Tory Whanau may have to sell Wellington mayoralty to make ends meet September 20, 2024
Tory Whanau has revealed that she’s struggling so much financially that she may have to part with her beloved mayoralty, that of New Zealand’s capital city, if she’s to fund her ever-diminishing lifestyle. Whanau was elected to lead Wellington in 2022, winning an overwhelming victory against the incumbent mayor: the evil version of Jason Gunn. […]
Ben Uffindell
Ukrainian militia receives defective shipment of pagers that just send and receive messages September 18, 2024
There’s been a major setback for one Ukrainian-backed militia on the Russian border, after the group ordered a large shipment of pagers to use as improvised explosive devices. The plan was to litter the pagers throughout abandoned homes and buildings in hopes of wounding Russian soldiers. But upon arrival of the shipment, routed through the […]
Ben Uffindell
Government directs Te Puni Kōkiri to conduct Māori Language Week in English September 17, 2024
The coalition government has issued a directive to Te Puni Kōkiri, the Ministry of Māori Development, instructing them that – in the interests of clear communication – they are to conduct this year’s Māori Language Week primarily or exclusively in English. The directive is in line with the Government’s policy – signaled when they came […]
Ben Uffindell
Government celebrates fact that New Zealand’s healthcare is so good people are queuing up for it at 5am September 17, 2024
At yesterday’s post-cabinet press conference, Prime Minister Christopher Luxon, flanked by his Health Minister Shane Reti and someone we can’t independently verify was a real sign language interpreter, announced that he had some positive news for the country. “Alright team, I’m just going to hand over to uh, Dr. Shane, because I think he’s got […]
Ben Uffindell
Heartwarming: Thoughtful driver uses indicator to tell you what they’ve just done September 17, 2024
It’s 4:10pm in the morning, and you’re in the middle lane heading north on the great southern motorway of our nation’s capital, Auckland. There are no cars directly in front of you, but quite a few in the lane to your left. Suddenly, without warning, a black ute enters your lane, cutting in front of […]
Ben Uffindell
NPC teams will now be allowed to actually use the Ranfurly Shield in play September 17, 2024
Following decades of controversy, the governing body of New Zealand rugby, New Zealand Rugby, has ruled that the team currently holding the Ranfurly Shield may once again use it in play during the National Provincial Championship (NPC). The ruling restores the utility of a prize that for many years was rendered merely symbolic, after the […]
Ben Uffindell
Police say they won’t respond to bomb threats anymore as ‘it’s never anything’ September 16, 2024
Police Commissioner Andrew Coster says that New Zealand’s police force will no longer respond to bomb threats, in an attempt to cut costs and redirect police resources to less boring activities. Coster said that threat response and bomb disposal was a “fairly obvious” area for downsizing, as bomb threats are “never anything”, a “huge waste […]
Ben Uffindell
Air New Zealand flight attendant named CEO after one year on job November 30, 2021
New Zealand’s national carrier, Air New Zealand, has expressed great enthusiasm in announcing its new CEO today: 51-year-old Nathan Guy, a flight attendant who has spent about 1200 hours on the job. Guy joined the company as a fresh-faced, wide-eyed flight attendant serving now-reduced domestic routes in November of 2020, and has since spent a […]
Ben Uffindell
National Party board denies it unanimously agreed to Collins’ Faustian bargain with Satan November 26, 2021
National Party president Peter Goodfellow is today issuing a strong denial on behalf of the party’s board, saying they did not, at any point, agree to the Faustian bargain that National leader Judith Collins struck with the Evil One, Son of Perdition, the Devil Satan himself. When Collins became the leader of the National Party […]
Ben Uffindell
Super Saturday recap: Patrick Gower doesn’t know what he’s supposed to do October 16, 2021
It was Aotearoa’s first national day of action in over ten years, the first since 2010, when Prime Minister John Key tried to inspire us to clean up our nation’s berms. It didn’t work. Today, New Zealand’s berms are worse than ever. But history is not destiny, and other cliches. Today, we tried again, this […]
Ben Uffindell

Man takes hotel to tribunal over Coke dispute February 1, 2025
Zhang asked for Coke No Sugar but was told the hotel only had Coke Zero. Photo: Madeline Chapman Coke No Sugar, or Coke Zero?
Man takes hotel to court over Coke dispute February 1, 2025
Zhang asked for Coke No Sugar but was told the hotel only had Coke Zero. Photo: Madeline Chapman Coke No Sugar, or Coke Zero?
Ardern documentary wins award at Sundance Film Festival February 1, 2025
A new documentary about former Prime Minister Dame Jacinda Ardern has won a top award at the Sundance Film Festival.
Jacinda Ardern doco wins award at Sundance Film Festival February 1, 2025
A new documentary about former Prime Minister Dame Jacinda Ardern has won a top award at the Sundance Film Festival.
LA's Eaton Fire is 100 percent contained, Cal Fire says February 1, 2025
A burnt vehicle has its VIN Number written on its charred exterior as specialists (not pictured) work next to a burned home following the Eaton Fire in Altadena, California, US, January 30, 2025. Photo: Reuters The Eaton Fire that scorched more than 57 square kilometres east of Los Angeles has been 100 percent contained, fire […]
Early childhood reliever admits having 390 child abuse videos February 1, 2025
A 22-year-old woman, who was working as an untrained teacher and reliever in Bay of Plenty childcare centres, has admitted to having hundreds of videos of child sexual abuse, accessed through encrypted social media apps. Photo: Getty Images Warning: This story deals with details of the sexual assault of children and may be distressing. A […]
Early childhood reliever admits possessing 390 child abuse videos February 1, 2025
A 22-year-old woman, who was working as an untrained teacher and reliever in Bay of Plenty childcare centres, has admitted to having hundreds of videos of child sexual abuse, accessed through encrypted social media apps. Photo: Getty Images Warning: This story deals with details of the sexual assault of children and may be distressing. A […]
Meteoroid lights up sky over South February 1, 2025
Photographer John Wekking captured "a brilliant fireball, overhead last night (31 January), 23:07hrs as captured by my aurora camera. North at the bottom." Photo: Supplied / John Wekking People in the South Island have witnessed a fireball break through the atmosphere near Wānaka with a loud sonic boom.
Warning as conspiracies swirl over anti-Semitic plot February 1, 2025
Josh Roose. Photo: LinkedIn Australian leaders have been urged to provide clear messaging to combat disinformation and conspiracy theories after the discovery of an explosives-laden caravan.
Trump: Nothing countries can do to delay tariffs February 1, 2025
The border between Ontario and New York. President Donald Trump has been threatening tariffs for weeks, saying they would be imposed until countries did more to stem the flow of migrants and the drug fentanyl over the US border. Photo: Reuters US President Donald Trump says he will impose hefty new tariffs of 25% on goods […]

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