
Govt makes housing play
Next week's Budget will outline plans by the Government to develop its own land holdings in Auckland in a bid to boost supply.
Next week's Budget will outline plans by the Government to develop its own land holdings in Auckland in a bid to boost supply.
Auckland's housing market is almost certainly in bubble territory, write Gareth Morgan and Geoff Simmons. Here's their plan to avoid a crisis.
The Reserve Bank has opened the door to a cut in the official cash rate, but the conditionality attached suggests any decision to go through with it remains some way off.
NZIER's shadow monetary policy board thinks the Reserve Bank should leave the official cash rate unchanged at 3.5 per cent tomorrow but sees a cut as the next best option.
The Reserve Bank is expected to keep its official cash rate unchanged at 3.5 per cent on Thursday but in the accompanying statement to shift the guidance needle slightly to the easier side of neutral.
Land tax might be one of the answers to reducing tax incentives for rental property investors, writes Bernard Hickey.
A speech by the Reserve Bank's assistant governor and chief economist John McDermott gives support to market expectations that the next move in interest rates is likely to be down.
If you are reading this and you don't own Auckland property, this will probably ruin your Sunday.
Rather than being "unadjusted and unsustainable", the exchange rate may reflect the fact that the NZ economy is not quite the basket-case the Nats' opponents would wish to paint it, writes John Armstrong.
Economics editor Brian Fallow asks if the Reserve Bank's inflation target should be changed.
One in five Auckland properties have sold under the hammer for more than $1 million and only two of 55 properties were sold for less than $500,000 last week.
Alan Bollard says country misses vital returns by just upping primary production.
Remember inflation? The Reserve Bank estimates the annual inflation rate right now is zero. Zip, zilch, nada, none.
Politicians have looked at Reserve Bank Governor Graeme Wheeler as if he was a potential arsonist in the Auckland housing market, writes Bernard Hickey.
Selling up to rent could leave you high and dry if prices firm and you want to get back into the market, writes Mary Holm.
If you judged by house price growth alone you would think Auckland is the best performing region in NZ economically. But not by a long chalk.
Despite it being only March, we've already seen 17 central banks around the world reduce interest rates this year.
Residential property investors look to be in the Reserve Bank's sights if it should opt later this year for another LVR-style intervention in the property market, writes Brian Fallow.
Landlords have hit back at Reserve Bank consultation on their sector, threatening to punish tenants by hiking rents if a tougher lending regime is ushered in.
The Reserve Bank has taken a step closer to treating residential investment properties differently from owner-occupied ones.
Reserve Banks says landlords could be a danger to New Zealand's financial system in the event of a housing collapse as it looks to tighten lending rules.
The Reserve Bank is cutting staff numbers as it restructures its operations.
In the last year, Auckland house prices were up 16 per cent and it is expected pressures will build up house prices even more.
Building height restrictions and NIMBY attitudes in inner Auckland are standing in the way of an response to Auckland's housing shortage, the Reserve Bank governor says.
Enjoy low oil prices while they last, though how long that will be is anyone's guess, writes Brian Fallow.
Does anybody believe the warning from the Governor of the Reserve Bank that Auckland house prices could crash, or in economic jargon, suffer a "sharp correction"?
The money printing by central banks of other nations is dribbling down into our housing market, writes Bernard Hickey.