Education Minister Chris Hipkins says the University of Auckland has the right to manage and organise themselves, despite a damning report into the decision to buy a luxury house in one of the city's most expensive suburbs.
House price index shows biggest monthly increase in prices since 2004.
Most Kiwis think house price inflation will continue into double figures during the next year, according to ASB Bank's latest confidence barometer.
The exchange of letters between Finance Minister Grant Robertson and Reserve Bank governor Adrian Orr was little more than kabuki dancing.