Bright Line Test is too little, too late

On 1 October, the Government’s Bright Line Test came in to force, despite the fact the legislation has yet to be passed into law. It is still being considered by the Finance and Expenditure Committee. When it is enacted, sometime before the end of the year, it will be retrospective. This is National’s too-little-too-late attempt […]

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Will Auckland’s housing price bubble be different this time round?

Maybe. Yesterday, the Reserve Bank signalled enough concern about rising house prices in Auckland that they spooked commentators with the possibility of early rises in the Official Cash Rate (OCR) and a more certain resolve to use complementary tools, like loan-to-value ratios. I have more hope following this statement that the Reserve Bank has learned […]

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