![Gareth Morgan and Geoff Simmons: Tax change the right pin to pop Auckland's housing bubble](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Gareth Morgan and Geoff Simmons: Tax change the right pin to pop Auckland's housing bubble
Auckland's housing market is almost certainly in bubble territory, write Gareth Morgan and Geoff Simmons. Here's their plan to avoid a crisis.
Auckland's housing market is almost certainly in bubble territory, write Gareth Morgan and Geoff Simmons. Here's their plan to avoid a crisis.
The home loan environment could be "as good as it gets" for borrowers, although the potential remains for mortgage rates to track even lower, says Westpac NZ CEO David McLean.
The Reserve Bank has opened the door to a cut in the official cash rate, but the conditionality attached suggests any decision to go through with it remains some way off.
NZIER's shadow monetary policy board thinks the Reserve Bank should leave the official cash rate unchanged at 3.5 per cent tomorrow but sees a cut as the next best option.
The Reserve Bank is expected to keep its official cash rate unchanged at 3.5 per cent on Thursday but in the accompanying statement to shift the guidance needle slightly to the easier side of neutral.
Land tax might be one of the answers to reducing tax incentives for rental property investors, writes Bernard Hickey.
A speech by the Reserve Bank's assistant governor and chief economist John McDermott gives support to market expectations that the next move in interest rates is likely to be down.
Reserve Bank deputy governor Grant Spencer could hardly have been blunter in taking the Government to task over its response to Auckland's overheated housing market.
Regulatory moves to curb bank lending to residential property investors are a live possibility, says Reserve Bank deputy governor Grant Spencer.
Andrew Little says a speech from the Reserve Bank deputy governor was effectively saying there was a housing crisis – something John Key had refused to accept.
Auckland house prices surged 13 per cent in the last month alone and are up $83,000 annually, according to REINZ's latest figures.
If you are reading this and you don't own Auckland property, this will probably ruin your Sunday.
Rather than being "unadjusted and unsustainable", the exchange rate may reflect the fact that the NZ economy is not quite the basket-case the Nats' opponents would wish to paint it, writes John Armstrong.
Auckland's housing market is a giant Ponzi scheme, one economist says, as residents pay each other to get in, driving prices up.
Sydneysiders take comfort...Aucklanders are suffering more when it comes to buying a house.
Economics editor Brian Fallow asks if the Reserve Bank's inflation target should be changed.
The New Zealand dollar continues its almost daily flirtation with Aussie dollar parity, reaching another record high on the cross rate as expectations began to mount that the Reserve Bank of Australia would soon cut its official interest rate for the seco
One in five Auckland properties have sold under the hammer for more than $1 million and only two of 55 properties were sold for less than $500,000 last week.
Alan Bollard says country misses vital returns by just upping primary production.
Remember inflation? The Reserve Bank estimates the annual inflation rate right now is zero. Zip, zilch, nada, none.
A resurgence in property prices means LVR "speed limits" are likely to stay in place, Standard & Poor's says in a report that predicts banks will continue to post strong earnings growth....
Politicians have looked at Reserve Bank Governor Graeme Wheeler as if he was a potential arsonist in the Auckland housing market, writes Bernard Hickey.
Selling up to rent could leave you high and dry if prices firm and you want to get back into the market, writes Mary Holm.