Business
New Zealand presses ‘go’ on housing market clampdown – The Australian Financial Review
New Zealand’s central bank says speculation is helping to fuel huge post-pandemic house price gains, sounding a warning bell for property markets across the Tasman….
Housing lending restrictions were lifted in New Zealand when the pandemic hit.
There is evidence of a speculative dynamic emerging with many buyers becoming highly leveraged.
Geoff Bascand, Reserve Bank of New Zealand deputy governor
In part due to the success of the health and economic policy responses, we have witnessed a rapid acceleration in the housing market, with new records being set for the national median price, and new mortgage lending continuing at a strong pace, Reserve Bank of New…
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