![Loan rules cut turnover by 8pc](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Loan rules cut turnover by 8pc
Given how large the imbalances in the Auckland housing market are, house price growth is likely to persist in the near term.
Given how large the imbalances in the Auckland housing market are, house price growth is likely to persist in the near term.
Surging Auckland house prices would put New Zealand's lenders at risk if there was a significant downturn.
Reserve Bank will disappoint financial markets and leave the official cash rate on hold for another two years, says NZIER.
It's crunch time for dairy farmers this week when Fonterra releases its farmgate milk price forecast for the coming 2015/16 season.
ASB has followed the lead of ANZ and Kiwibank and slashed its fixed mortgage rates.
We might never see a CGT in this country, which could well be a good thing given the compromises that would likely be part of its introduction, writes Mark Lister.
Westpac could join a mortgage-rate battle after Kiwibank and ANZ slashed their home loan rates.
Businesses have lifted their expectations for inflation, sapping immediate pressure on the Reserve Bank to cut interest rates.
ANZ and KiwiBank have cut their mortgage rates as speculation grows the Reserve Bank will cut the OCR.
Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for action on house prices was a catalyst for recent announcements.
Mark Keating writes: The Government has been arm-twisted by its critics into a tax response to address Auckland property prices.
Watching the Reserve Bank grapple with the housing market has been like watching someone blowing up a long party balloon and trying to twist it into one of those sausage dogs.
The Auckland residential property boom has developed some of the characteristics of the Dublin bubble a decade ago, writes Brian Gaynor.
The Reserve Bank desperately needs the support of the Government to address the distortion its monetary policy is helping create, writes Peter Lyons.
Head of Auckland's biggest real estate company wants urges $500k deposit for homes worth over $1.5 million and ditching LVR for homes under $500k.
McVitty Properties has completed its liquidation, leaving creditor BNZ with a shortfall of about $2.6 million.
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.
Increased dairy farm foreclosures look likely if product prices remain weak, the Reserve Bank says in its latest financial stability report.
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 rules targeting Auckland residential property investors will cool the market - but the city's "gravitational pull" will counter any impact, John Key says.
Labour's finance spokesman Grant Robertson said the unprecedented measures showed the Reserve Bank understood the risks of Auckland's housing market - unlike Prime Minister John Key.
The Reserve Bank has singled out the New Zealand dairy sector as an "area of risk" for the financial system.
The Auckland region median dwelling sale price remained frozen over the last month at $720,000, but dropped in three areas.
REINZ figures show the national median house price fell 4.2 per cent in April, but rose 18pc in Auckland.
New Zealand shares rose yesterday, paced by SkyCity Entertainment Group and Meridian Energy as investors mulled a possible rate cut.
Next week's Budget will outline plans by the Government to develop its own land holdings in Auckland in a bid to boost supply.
An official cash rate of 3.5 per cent, which would have been base camp in previous cycles, is now being seen as the highest it will climb this time.
Fonterra will late this month release its milk price forecast for 2015/16 and indications are that it will be towards the lower end of market expectations.
The dollar may decline this week as economists bet the Reserve Bank will start cutting interest rates as early as next month.