Find out the first main centre to see a month-to-month drop in house prices
It could look to heap on more downward pressure
Adrian Orr outlines bank’s direction after government reveals new requirement
Central bank must now take into account government policy relating to more sustainable house prices
“The starting point for the RBNZ’s economic outlook is much better than was assumed late last year”
The new prediction points to change a full year earlier than was predicted three months ago
It is the first formal warning issued to a realtor under the legislation
It has pre-approved more than $100 million in mortgages since last year