Robertson is all for tools that target property investors

Westpac's acting chief economist Michael Gordon says he's alone in forecasting house price falls.

Thu, 17 Jun 2021

The key to finance minister Grant Robertson giving the Reserve Bank the green light to use debt-serviceability tools was that they would target property investors and not first-home buyers.However, although the central bank has been lobbying successive governments for years to grant it the use of such tools, we're unlikely to see them used in the current cycle and almost definitely not this year.Robertson said he agreed in principle to allow RBNZ to use such tools "on the condition that this should not impact on first-home buyers"...

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