
Dollar falls as govt moves on housing market
The New Zealand dollar fell after the government stepped up measures to curb Auckland's bubbling housing market.
The New Zealand dollar fell after the government stepped up measures to curb Auckland's bubbling housing market.
The NZ dollar advanced against the US stoking speculation the Federal Reserve will delay hiking interest rates.
The Reserve Bank has abandoned its one-size-fits-all approach to loan-to-value ratio curbs recognising house price inflation is an Auckland problem.
Investor association slams Reserve Bank’s bid to rein in Auckland house prices, saying it will push up rents and ruin first home buyers' chances.
New lending restrictions to be imposed on Auckland property investors will do little to cool the surging market.
The dollar weakened after the Reserve Bank governor reiterated the currency was "unjustified and unsustainable".
Reserve Bank targets Auckland property investors with new lending restrictions as it looks to take the heat out of the market.
Landlords says tenants will suffer from the Reserve Bank's 30 per cent rental property LVRs and rentals will become scarce.
The NZ dollar has held steady overnight ahead of the Reserve Bank's Financial Stability Report.
The Auckland region median dwelling sale price remained frozen over the last month at $720,000, but dropped in three areas.
New, Auckland-only rules for property lending may be unveiled as early as tomorrow morning.
The NZ dollar touched 92.82 Australian cents, its lowest level since late January, as traders price in rate cuts.
The dollar may decline this week as economists bet the Reserve Bank will start cutting interest rates as early as next month.
China has had 35 years of hypergrowth, but now it's over. It's going to have to settle for really, really good growth instead.
The kiwi dropped yesterday after data showed annual wage inflation in the private sector slowed to a 0.3 per cent pace in the three months ended March 31.
The New Zealand dollar has dropped by US1c after labour data out this morning showed wage growth was less than expected.
Finance Minister Bill English has confirmed that this month’s Budget will see the surplus forecast a year ago turn into a deficit slightly higher than forecasted in December.
QV's latest figures show the average property value for the Auckland region has now broken into the $800,000s, fuelled by Auckland City-South.