![Sales growth slows, property up $5k](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Sales growth slows, property up $5k
New figures show national property prices were up $5,000 in August, taking the national median price to $390,000.
New figures show national property prices were up $5,000 in August, taking the national median price to $390,000.
The Reserve Bank has put borrowers on notice, pencilling in a full percentage point of interest rate rises next year and as much again in 2016.
There's been a big jump in the number of younger people trying to get mortgages ahead of new Reserve Bank low-deposit lending rules, says credit agency Veda.
The case for higher interest rates gained more weight today after subtle shifts in the Reserve Bank's language were interpreted as being more hawkish.
The NZIER shadow board believes the Reserve Bank should leave the official cash rate on hold at 2.5 per cent when it reviews it tomorrow, but with a rise as the next best option.
Auckland house prices are still rising fast, as the Reserve Bank's loan-to-value ratio moves are about to be introduced next month.
Rising New Zealand property values accelerated last month as the lack of listings in Canterbury and Auckland continue to overheat the market.
Sometimes you have to be in a ringside seat at a big fight to really understand what it's like, says Bernard Hickey.
The widespread assumption that most first home buyers will be shut out of the housing market by the Reserve Bank's curbs on low-deposit home loans may be too swift.
Now that we know what the Reserve Bank is doing by way of curbs on low-deposit mortgage lending the question is whether it will work, writes Brian Fallow.
The curbs on low-deposit home lending announced by the Reserve Bank yesterday are likely to prove more restrictive than it thinks, the Bankers Association warns.
Reserve Bank Governor Graeme Wheeler said banks will be subject to restrictions on high loan-to-value ratio (LVR) housing mortgage loans from October 1.
Most western central banks do not entrust interest rate decisions to committees with external members - the model favoured by the Green and Labour Parties - a Reserve Bank study found.
ASB Bank boss Barbara Chapman is hoping the bank will continue its strong growth run but says it faces headwinds as borrowers switch to fixed mortgage rates .
As curbs on lending to home buyers with low deposits draw closer, one question that arises is how banks will do the rationing, writes Brian Fallow.
Christchurch and Auckland property prices still increasing as regions slow over winter, figures show.
Auckland house prices rose for a third month in July as listings and sales jumped, according to Barfoot & Thompson, the city's biggest realtor.
Reserve Bank governor Graeme Wheeler served notice yesterday that how far he raises interest rates will depend on the housing market and how far pressures there spill over into general inflation.
Another low inflation number yesterday has reinforced expectations that it will be early next year before the Reserve Bank starts raising interest rates.