![Flaw in Auckland's house building plan](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Flaw in Auckland's house building plan
The Government talks up the prospects of a new supply of housing for first-home buyers in Auckland, but is there a funding gap?
The Government talks up the prospects of a new supply of housing for first-home buyers in Auckland, but is there a funding gap?
Costs have soared in the past 12 months undermining efforts to address New Zealand's affordability with increased housing supply.
The Reserve Bank of New Zealand has a rigorous approach to stress testing banks, with some devastating scenarios put to bankers.
Less than half of young renters voted at the last election, and more than 90 per cent of property owners over the age of 50 voted.
The Reserve Bank has issued a formal warning to Aotearoa Credit Union over its failure to meet its anti-money laundering obligations.
Some mortgage holders are breaking their fixed terms early to lock in longer term rates before they rise further, says a broker.
Reserve Bank governor Graeme Wheeler says the prospects are good for "continued strong growth" in the New Zealand.
Reserve Bank Governor Graeme Wheeler said he accepts the central bank got its migration forecasts wrong.
It is hard to understand why Finance Minister is wary about giving the Reserve Bank the power it wants to impose an income limit on house mortgage lending.
New Zealand business confidence fell in November as pessimistic manufacturers offset upbeat farmers, construction firms and service companies.
The amount of money being borrowed to buy houses at five and six times a person's income has grown significantly in the last two years
The Reserve Bank is making inquiries to find out whether or not New Zealand's bank notes contain animal fat, as they do in the UK.
High farm debt and inflated house prices remain a risk to New Zealand's financial system.
New clamp-downs on residential property investors appear to be working.
The Reserve Bank of New Zealand has extended for two weeks its deadline for feedback on a proposed new Dashboard approach for banks' financial disclosure.
Customers of BNZ and Kiwibank may face delays in getting through to the lenders, with both banks' primary call-centres based in Wellington.
The earthquake will put pressure on the construction sector and could bring further interest rate cuts, says the ASB.
Stress tests show it would take an extraordinary series of events for New Zealand's banks to fail, Rob O'Neill reports.
WATCH: Donald Trump is set to have a profound effect on the mortgage rates of New Zealanders.
Watch The Economy Hub: The cut to 1.75 per cent won't bring fixed term mortgage rates down.
Reserve Bank deputy governor Grant Spencer is signalling a new supervision regime for the country's payments system, two years after
COMMENT: Depositors are in line for better returns - but it won't be soon.
New Zealand's unemployment rate fell below 5 per cent for the first time since December 2008.
House prices may be starting to drop in Auckland- but it will still cost first home-buyers an average of $682k.
COMMENT: The Reserve Bank has some explaining to do.
Despite another quarter of low inflation New Zealand does not need to worry about deflation hurting economic growth, ANZ senior economist
New Zealand's rate of annual inflation has dropped to just 0.2 per cent for the year to September 30.
COMMENT: Inflation data due today is tipped to show the economy skating dangerously close to deflation, writes Liam Dann.
New data tomorrow is expected to show inflation near zero - so why does it feel like the cost of living is rising?