Hunt for yield driving property investors to regions, Reserve Bank Governor says

Wed, 11 May 2016

By Sophie Boot May 11 (BusinessDesk) - Higher rental yields could be enticing property investors out of Auckland, Reserve Bank Governor Graeme Wheeler said, although he would not be drawn over whether the central bank will act to slow the surge in house prices across the country. Wheeler made the comments at a select committee after the release of the bank's six-monthly financial stability report, which highlighted concern about the resumption of unsustainably high house price inflation nationwide, and especially in Auckland. The report s...

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