RBNZ will need to pop the housing bubble: Kiwibank

RBNZ will need to pop the housing bubble: Kiwibank
Brent Melville
Kiwibank says the Reserve Bank will probably reinstate loan-to-value ratio borrowing restrictions next year to tame a roaring housing market, where prices have jumped 11.1 percent over the past year and monthly sales are at a three-year high.The number of sales soared 37.1 percent to 8,377 in September from the same month a year earlier, according to latest Real Estate Institute of New Zealand data. That was the most for a month since March 2017.Even excluding the white-hot Auckland market, where first-home buyers in particular are falling over...

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Vector faces fresh complaint on unfair contract terms
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Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

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Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
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Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025