Govt should revisit tax, migration policies to help ease housing woes, RBNZ's Spencer says

Thu, 07 Jul 2016

By Paul McBeth July 7 (BusinessDesk) - The Reserve Bank is looking at introducing more stringent macroprudential tools before the end of the year, but would be helped if the government chose to revisit the impact tax advantages on residential housing and migration policies are having on the demand side, deputy governor Grant Spencer says. Speaking to the New Zealand Institute of Valuers in Wellington, Spencer reiterated that the Reserve Bank is looking at new loan-to-value ratio (LVR) restrictions targeting investors and debt-to-income (...

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