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Reserve Bank boss backs loan curbs
Graeme Wheeler delivered a trenchant defence of the bank's curbs on high loan-to-value ratio home loans yesterday when challenged by National MP Jami-Lee Ross that the regime had been "almost too effective".
Graeme Wheeler delivered a trenchant defence of the bank's curbs on high loan-to-value ratio home loans yesterday when challenged by National MP Jami-Lee Ross that the regime had been "almost too effective".
New Zealand is the fifth most popular place Chinese buyers look to purchase residential property, says a Chinese website.
The Reserve Bank is indicating the removal of restrictions on high loan-to-value home loans may be gradual rather than a now-you-see-it, now-you-don't affair.
The Reserve Bank's restrictions on low deposit mortgage lending took more borrowing out of the system than expected.
The Housing Minister has revealed that Government held data on the proportion of NZ homes owned by offshore buyers, which he says is very low compared to other countries.
A home in New York's Hamptons on Further Lane is up for auction in what will be one of the area's biggest foreclosure sales.
A woman who walked away from her multi-million dollar Auckland house has failed to get legal costs in a battle over freezing assets.
The battle between National and Labour for the political high ground on housing affordability is a battle fought in large measure with statistics, writes John Armstrong.
April house sales figures show mortgage lending restrictions are hitting the bottom end of the property market the hardest as the number of house sales under $400,000 fell sharply in the past year.
The number of house sales fell 20 per cent last month, with sales declining across all regions, but prices continue to rise, latest figures show.
If the hike in your rates bill seems less of a leap this year, enjoy it while you can.
The strength of the surge in net immigration will influence both the outlook for interest rates and how long loan-to-value ratio curbs remain in place, says Reserve Bank Deputy Governor Grant Spencer.
The Reserve Bank's curbs on bank lending to low deposit borrowers could be removed by the end of the year.
A Waiheke Island property owner has gone to the High Court over access to land owned by a trust linked to former Hanover Finance director Mark Hotchin.
The US trophy-home market is shattering price records this year as an increasing number of properties change hands for more than $100 million.
First home buyer numbers had picked up nationally in March according to new figures from QV out today. So what happened where you live? Check our infographic.
The announcement of 41 new "special housing areas" across Auckland will allow 18,000 new homes to be fast-tracked.
The three-bedroom bungalow with an asking price of nearly $900,000 in Sandringham is "a compelling call to first-home buyers", the agent says.
The average Auckland house sale price and volumes achieved by the city's biggest real estate agency dropped from $725,708 in March to $708,603 last month.
First-home buyers in Auckland pay almost $200 more a week in mortgage repayments than those starting on the property ladder nationally.
The Government and its political allies have gone on the attack over Labour’s ground-breaking interest rates and savings policy, after signs the plan was getting traction.
A rising supply of "flexi-room" apartments has drawn a warning from authorities - people who use the undersized areas as bedrooms could be fined.
Russell Coutts' supreme nautical skills were again on display this week when he shipped a homestead by barge off his sprawling seaside section.
Local hapu Ngati Whatua Orakei now says it isn't selling a prime piece of Auckland waterfront land to retirement village operator Ryman - it's only leasing it.
A company developing one of New Zealand's biggest, most intensive affordable housing estates has been put in receivership.
Finance Minister Bill English has rubbished Labour's new Kiwisaver plan, but the policy has received support from employers.
Kiwibank has increased its interest rates just as the Labour party gears up to reveal its proposed changes to monetary policy this morning.
Auckland house values have risen up to 51.9 per cent in the past three years, which will impact on rates bills next year.