Macroprudential tools
RBNZ expects LVRs to shave up to 4 percentage points off house price inflation and lower bank lending to property investors by as much as 40%
19th Feb 21, 9:00am
100
RBNZ expects LVRs to shave up to 4 percentage points off house price inflation and lower bank lending to property investors by as much as 40%
David Hargreaves says the RBNZ was always going to remain 'dovish' in its review next week anyway, which is probably okay for now. But the future is a worry
17th Feb 21, 8:11am
22
David Hargreaves says the RBNZ was always going to remain 'dovish' in its review next week anyway, which is probably okay for now. But the future is a worry
In their latest quarterly overview Westpac economists warn that when interest rates do eventually rise 'house prices will fall'; also caution that the Govt may consider limiting deductibility on interest for investors
16th Feb 21, 8:27am
88
In their latest quarterly overview Westpac economists warn that when interest rates do eventually rise 'house prices will fall'; also caution that the Govt may consider limiting deductibility on interest for investors
Westpac economists say the weekly hit to the economy with Auckland on Level 3 and the rest of NZ at Level 2 is about $300 million
15th Feb 21, 11:53am
15
Westpac economists say the weekly hit to the economy with Auckland on Level 3 and the rest of NZ at Level 2 is about $300 million
David Hargreaves says anything that Finance Minister Grant Robertson is planning to introduce in order to ease housing market demand pressures needs to help - not hinder - measures already being put in place, particularly by the RBNZ
11th Feb 21, 8:29am
132
David Hargreaves says anything that Finance Minister Grant Robertson is planning to introduce in order to ease housing market demand pressures needs to help - not hinder - measures already being put in place, particularly by the RBNZ
The RBNZ suggests exempting certain groups from debt-to-income restrictions would be difficult, as the Finance Minister expresses concerns over the impact these restrictions would have on first-home buyers
10th Feb 21, 1:53pm
136
The RBNZ suggests exempting certain groups from debt-to-income restrictions would be difficult, as the Finance Minister expresses concerns over the impact these restrictions would have on first-home buyers
Westpac economists say the severe housing shortages that have been dogging New Zealand are now 'rapidly eroding'
9th Feb 21, 10:27am
10
Westpac economists say the severe housing shortages that have been dogging New Zealand are now 'rapidly eroding'
RBNZ targets residential property investors with new high LVR restrictions: Most investors to need 40% deposits and most owner-occupiers 20% deposits
9th Feb 21, 10:20am
164
RBNZ targets residential property investors with new high LVR restrictions: Most investors to need 40% deposits and most owner-occupiers 20% deposits
A flurry of unexpectedly strong economic data and a raging hot house market are putting our central bank in a position it could not have envisaged being in a year ago
7th Feb 21, 6:02am
69
A flurry of unexpectedly strong economic data and a raging hot house market are putting our central bank in a position it could not have envisaged being in a year ago
ASB says residential property investors seeking loans must now have a 40% deposit, with bank's CEO 'concerned high levels of investor demand are unsustainable'
5th Feb 21, 5:15pm
35
ASB says residential property investors seeking loans must now have a 40% deposit, with bank's CEO 'concerned high levels of investor demand are unsustainable'
David Hargreaves looks at some of the options for dampening demand in the housing market while we wait for the supply of housing to catch up
27th Jan 21, 2:11pm
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David Hargreaves looks at some of the options for dampening demand in the housing market while we wait for the supply of housing to catch up
Kiwibank economists suggest the Reserve Bank should make banks 'reprice' higher risk interest-only and investor loans
25th Jan 21, 3:23pm
43
Kiwibank economists suggest the Reserve Bank should make banks 'reprice' higher risk interest-only and investor loans
Westpac economists expect annual house price inflation will peak at 20% later this year, 'which is not an environment conducive to further OCR cuts'
21st Jan 21, 1:28pm
33
Westpac economists expect annual house price inflation will peak at 20% later this year, 'which is not an environment conducive to further OCR cuts'
ANZ economists expect the housing market will cool 'in time', but exactly when is highly uncertain, given that momentum in the market can be slow to moderate
20th Jan 21, 1:26pm
118
ANZ economists expect the housing market will cool 'in time', but exactly when is highly uncertain, given that momentum in the market can be slow to moderate
Finance Minister Grant Robertson tells Bloomberg the Reserve Bank requesting a debt to income ratio tool doesn’t automatically translate to the Government approving it
18th Dec 20, 8:08am
45
Finance Minister Grant Robertson tells Bloomberg the Reserve Bank requesting a debt to income ratio tool doesn’t automatically translate to the Government approving it
David Hargreaves examines the largest bank's move to go further than the Reserve Bank in reining in housing investors
15th Dec 20, 2:17pm
50
David Hargreaves examines the largest bank's move to go further than the Reserve Bank in reining in housing investors
With a debt-to-income ratio tool back on the table, Gareth Vaughan looks at the political and other challenges the RBNZ needs to overcome to be granted the financial stability tool
15th Dec 20, 11:47am
21
With a debt-to-income ratio tool back on the table, Gareth Vaughan looks at the political and other challenges the RBNZ needs to overcome to be granted the financial stability tool
ASB, BNZ, Westpac and Kiwibank indicate they will not be matching ANZ's requirement for housing investors to have 40% deposits at this stage
15th Dec 20, 8:57am
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ASB, BNZ, Westpac and Kiwibank indicate they will not be matching ANZ's requirement for housing investors to have 40% deposits at this stage
Reserve Bank open to having more regard for house prices through the way it regulates banks, not through the way it conducts monetary policy; Asks for debt-to-income tools
11th Dec 20, 11:38am
83
Reserve Bank open to having more regard for house prices through the way it regulates banks, not through the way it conducts monetary policy; Asks for debt-to-income tools
Reserve Bank expects 'temporary, small negative effect' on economic activity after reintroduction of mortgage lending limits next March
8th Dec 20, 11:00am
50
Reserve Bank expects 'temporary, small negative effect' on economic activity after reintroduction of mortgage lending limits next March
ASB economists say politicians, policymakers and experts need to come together to discuss what can be done on housing and come up with binding recommendations on the way forward
30th Nov 20, 2:10pm
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ASB economists say politicians, policymakers and experts need to come together to discuss what can be done on housing and come up with binding recommendations on the way forward
The Government, not the Reserve Bank, will have to tackle New Zealand's many housing-related issues
26th Nov 20, 10:13am
97
The Government, not the Reserve Bank, will have to tackle New Zealand's many housing-related issues
Latest Reserve Bank monthly mortgage figures show $7.8 bln advanced for mortgages last month - beating previous record set only a month earlier; investors on the march
25th Nov 20, 3:13pm
58
Latest Reserve Bank monthly mortgage figures show $7.8 bln advanced for mortgages last month - beating previous record set only a month earlier; investors on the march
RBNZ notes the financial stability risks associated with sky-rocketing house prices, but doesn't ask for a debt-to-income ratio tool to be added to its macro-prudential toolkit
25th Nov 20, 10:12am
120
RBNZ notes the financial stability risks associated with sky-rocketing house prices, but doesn't ask for a debt-to-income ratio tool to be added to its macro-prudential toolkit
Economist Brian Easton looks at housing bubbles and what we might do about them
25th Nov 20, 8:01am
34
Economist Brian Easton looks at housing bubbles and what we might do about them