The Reserve Bank of New Zealand with its latest banking industry update
- Remains concerned over high house prices
And, on measures intended to deal with these ...:
- Expects debt-to-income consultation paper within 6 weeks
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- The Reserve Bank remains concerned by the elevated levels of New Zealand house prices and the broadening of the Auckland market strength to many other New Zealand regions in the last 12 months. The latest LVR restrictions appear to have helped ease housing market pressure, and will also make the household sector more resilient if there was a sharp decline in house prices.
- The previously-signalled consultation paper on the possibility of debt-to-income (DTI) or similar restrictions becoming part of the macroprudential toolkit is expected to be released in the next 6 weeks
