An elite number of homeowners shelled out over $3m for new homes in the past year, despite being in the midst of a credit crunch.

Home loan affordability worsened in Auckland and Northland for first home buyers last month.

The Capital Markets Development Taskforce released recommendations with the aim of rekindling Kiwis' faith in the sharemarket.

The Hanover investors who grudgingly voted for the Allied Farmers deal probably haven't had time to digest the contents of the capital markets report.

Hanover owners Mark Hotchin and Eric Watson copped more stick as investors narrowly voted to approve a share rescue deal.

Yesterday's Capital Markets Development Taskforce report made no recommendation for compulsory superannuation.

People who join KiwiSaver but don't choose which fund they want to be in could be put into a more aggressive fund.

"The work begins now," says one Allied director after Hanover investors approved the plan to sell the company's loan book to Allied Farmers at today's vote.

A result on whether Hanover investors have approved or rejected the Allied Farmers deal is expected this afternoon.

Partial privatisation of state assets is among the recommendations of the final report of Capital Markets Development Taskforce presented today.

Strategic Finance will have 14 days to negotiate a settlement with its trustee or find the required cash to avoid receivership.

House prices across New Zealand rose a slim 0.2 per cent in November, says the Real Estate Institute, but those in Auckland have soared nearly 12 per cent over the past year.

Allied Farmers is down to the wire on its deal to acquire the financial assets for $400 million in stock.