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Bank's property warning reflects 'complete crisis'
A top banker's dire warning about Auckland's house prices shows there is a "complete crisis" in the property market, economist Shamubeel Eaqub says.
A top banker's dire warning about Auckland's house prices shows there is a "complete crisis" in the property market, economist Shamubeel Eaqub says.
The chief executive of New Zealand's largest bank has warned that the property market may face a "messy end".
Watch NZ Herald Focus: Liam Dann says the Reserve Bank will be criticised as a blunt and unwieldy weapon - but there's a need for action.
COMMENT: Why are politicians of all colours so afraid? And whose interests are they protecting when they say such falls are "crazy"?
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Two of our biggest banks will no longer lend to overseas-based buyers of New Zealand property.
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