Trade Me Property: This huge price growth simply cannot continue forever
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House prices at an all-time high, but possible downturn on the horizon as market cools off
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Housing market yet to feel impact of changes - RBNZ
Housing market yet to feel impact of changes - RBNZ Sunday, May 9, 2021 RNZ
It is yet to be seen whether measures brought in to cool the housing market have worked, the Reserve Bank says, and it is prepared to do more if required.
Reserve Bank deputy governor Geoff Bascand told
Morning Report it was still early days to see the effects of the government s recent housing package, but he believed they would help alongside the bank s own measures, like reintroducing LVR restrictions.
But with prices rising 19.8 percent year on year, how long would it take before buyers are able to see the impact? Time will tell, Bascand said, adding that it depended on how people responded to the changes.