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.
Governor Graeme Wheeler may have greater scope to cut interest rates as annual inflation has slowed to its weakest since 1999.
New Zealand’s five-year housing boom could be drawing to a close
Property finance influencer on why it is a good time to get into home ownership
The Reserve Bank notes that other countries apply their restrictions to all lenders
REINZ says the low numbers are down to a decrease in listings