Rising Auckland house prices put lenders at risk, RBNZ says

Wed, 03 Jun 2015

By Paul McBeth June 3 (BusinessDesk) - Surging Auckland house prices would put New Zealand's lenders at risk if there was a significant downturn, according to the Reserve Bank, which was happy with the lenders' ability to stay within regulatory requirements just six months ago. The central bank is seeking feedback on plans to impose new macro-prudential restrictions on residential property investors' ability to buy highly-leveraged housing, which it sees as the biggest risk to the country's financial stability. When the central bank ran s...

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