Low interest rates coupled with a lack of houses are a bigger problem than investors.
Government didn't ignore potential for monetary policy to widen inequality, but had to make tough choices trying to save jobs, Reserve Bank governor says.
The 30-year-old RMA will be repealed and replaced, starting with a new Natural and Built Environments Act.
The govt has passed legislation under urgency it says was necessary to prevent gaming of the first NZU auction next week.