Quote Originally Posted by Bjauck View Post
. It is shameful that so much of NZ's banking business is overseas owned. All that residential property mortgage business providing profits for Australian shareholders! Those big Aussie owned banks were among the biggest beneficiaries of the debt-fuelled NZ preference for investing in housing/land as opposed to shares?

Disc: HGH shareholder
Correct. That's why I have a good chunk of my investments in ANZ and WBC. Not particularly tax-effective but good returns for many years, so far!