Geraden Cann05:00, May 26 2021
STUFF
Reserve Bank deputy governor Geoff Bascand highlights some of the risks associated with the current housing market conditions.
With house prices up 24 per cent in a year and nearly a third of all mortgage debt now carried by highly-leveraged buyers who took out loans in the last two years, key players are concerned any interest rate rises could damage the housing market and have flow-on effects to the whole economy. Among those voicing concerns are ex-Prime Minister and ANZ non-executive director John Key and Real Estate Federation president Andrew King. The Reserve Bank has flagged concerns of its own, stating in its May Financial Stability Report (FSR) that “risks associated with the housing market are accumulating” despite the country’s financial system coping well with the pandemic.
Press Release – NZ Property Investors Federation The government used the housing announcements of March 23 as its main avenue for legislation relating to rental properties. Still, it has, however, set aside $80 million in yesterdays Budget for the Bond Centre, Tenancy Tribunal, and Healthy …
The government used the housing announcements of March 23 as its main avenue for legislation relating to rental properties. Still, it has, however, set aside $80 million in yesterday’s Budget for the Bond Centre, Tenancy Tribunal, and Healthy Homes initiatives.
$16 million has been set aside to enable the Compliance and Investigation Team to do work relating to the compliance of Healthy Homes regulations, $41 million for Tenancy services, $18 million for capital funding of the Bond Centre and $20 million for a new IT system for the Bond Centre, and $5 million for support of the Tenancy Tribunal.
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