| 06.12.2012 - RBNZ wary of pick-up in housing market |
| The Reserve Bank is keeping a watchful eye on the country's property market, which has started heating up as low mortgage rates and easier lending criteria encourage first-home buyers. RBNZ governor Graeme Wheeler, who held the official cash rate at 2.5% today, says the housing market, particularly Auckland, is starting to strengthen with cheaper bank funding costs leading to increased competition and lower mortgage rates...............................................Full Article: Source |