Hi All,
I wrote a blog post on PropertyBlogs today called 'A future sneak peak at the NZ property market' as a result of receiving Michael Yardney's newsletter.
In short, Michael Yardney's newsletter talked about 'macro prudential controls' and how Aussie are going to bring in one targeted at property investors. While NZ and Britain are also using measures to control the property market both are targeting all buyers - whereas Aussie RBA want to target just investors.
It got me thinking how we may suffer a similar fate in the near future - on NZH this week I read - NZ mortgage lenders are targeting investors to secure more business, as Investors now make up a larger slice of all new loans so lenders are focussed on competing for their business.
Maybe we just need to watch what's going on across the ditch for an insight into what may become a reality here? If the macro prudential control works in Aussie - our RBNZ may see fit to follow suit.
cheers,
Donna
I wrote a blog post on PropertyBlogs today called 'A future sneak peak at the NZ property market' as a result of receiving Michael Yardney's newsletter.
In short, Michael Yardney's newsletter talked about 'macro prudential controls' and how Aussie are going to bring in one targeted at property investors. While NZ and Britain are also using measures to control the property market both are targeting all buyers - whereas Aussie RBA want to target just investors.
It got me thinking how we may suffer a similar fate in the near future - on NZH this week I read - NZ mortgage lenders are targeting investors to secure more business, as Investors now make up a larger slice of all new loans so lenders are focussed on competing for their business.
Maybe we just need to watch what's going on across the ditch for an insight into what may become a reality here? If the macro prudential control works in Aussie - our RBNZ may see fit to follow suit.
cheers,
Donna
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