Property prices up in October
NZ's median house price rose 1.9 per cent to a record in October, although sale volumes were dented as Reserve Bank lending restrictions began to bite.
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Latest fromMonetary Policy
How Key lost home loans bid
John Key has admitted he had to be persuaded to back off his bid to press the Reserve Bank into exempting first-home buyers from the banks' new loan rules.
Auckland house prices hit all-time high
Auckland house prices hit an all-time high, Barfoot & Thompson data just out showed, despite Reserve Bank lending restrictions.
Westpac cuts high-risk loans
Westpac chief executive Peter Clare says the bank's rivals have been left with a "hangover" after pushing forward with mortgage pre-approvals.
Home buyers pick price rise
The Reserve Bank's restrictions on low-deposit mortgage lending have yet to dent expectations that house prices will rise.
High dollar could delay OCR rises
Graeme Wheeler has signalled he may delay the start of rises in the official cash rate if the Kiwi dollar stays high.
New-home builds on hold
One of NZ's largest home builders says new loan restrictions have cost it 24 new-home builds in the first month alone - and it expects more as the policy bites.