The property market is an animal almost every central banker is worried about and hardly anyone can control.
Central bank Governor Graeme Wheeler has faced criticism from economists after delivering an interest-rate cut that took most of them by surprise.
Auckland’s spreading property bonanza is one of the reasons Reserve Bank Governor Graeme Wheeler may tread carefully as he considers cutting interest rates to a fresh record low on Thursday.
New Zealand’s central bank said it may need to cut interest rates further as falling oil prices and a weaker global growth outlook prolong a period of low inflation.
The Property Institute boss has expressed support with the decision of a political party to remove restrictions on mortgage lending
A second real estate agency has joined the call for exempting first home buyers from the 20% deposit requirement
The easing in sales volumes mirrors the situation in the national residential market, says REINZ