Go Back  British Expats > Living & Moving Abroad > New Zealand
Reload this Page >

RBNZ threatens interest rate rise to cool Auckland housing market.

RBNZ threatens interest rate rise to cool Auckland housing market.

Old Apr 8th 2013, 11:04 am
  #1  
Forum Regular
Thread Starter
 
Joined: Feb 2012
Posts: 87
BlackCrossInResidence is a name known to allBlackCrossInResidence is a name known to allBlackCrossInResidence is a name known to allBlackCrossInResidence is a name known to allBlackCrossInResidence is a name known to allBlackCrossInResidence is a name known to allBlackCrossInResidence is a name known to allBlackCrossInResidence is a name known to allBlackCrossInResidence is a name known to allBlackCrossInResidence is a name known to allBlackCrossInResidence is a name known to all
Default RBNZ threatens interest rate rise to cool Auckland housing market.

"The Reserve Bank has broadly hinted that it might look at raising interest rates earlier if the housing market continues to rise sharply.
In a to speech to the Employers and Manufacturers Association in Auckland RBNZ deputy governor Grant Spencer delivered the central bank's strongest warning so far on the quickly rising housing market. Avoiding another costly housing boom was critical for economic and financial stability he said....."

http://www.interest.co.nz/property/6...t-house-prices

I don't understand why they don't look at the actions taken recently by Singapore, Hong Kong and Australia - all three of whom are using different, more specifically targeted and less drastic methods to dampen the enthusiasm of non resident (read Chinese) home-buyers/property speculators and without upsetting the rest of their economy.

Last edited by BlackCrossInResidence; Apr 8th 2013 at 11:13 am.
BlackCrossInResidence is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.