Nick Smith does stuff all that is useful, but there is a glimmer of hope from latest house price statistics.
House prices may be starting to drop in Auckland – but it’s too soon to tell if the latest data shows a trend.
The new mortgage lending restrictions introduced by the Reserve Bank officially kicked in on October 1, but most of the main banks had already been introducing them over the previous couple of months.
Interest.co.nz’s regional Home Loan Affordability Reports for September showed the new loan-to-value-ratio mortgage lending restrictions on residential investment properties may be impacting house prices in Auckland. Read more »