Editorial: Banks’ move could be turning point for housing

The decision of two of the country’s big four trading banks to stop lending to foreign buyers of houses here appears to have taken everyone by surprise. If the Reserve Bank had any warning, Governor Graeme Wheeler gave no hint of it in his monthly announcement of the official cash rate the same day.


House prices should soon show the effects of the absence of new foreign buyers. Photo / Doug Sherring

Leave a Comment

Filed under New Zealand Property & Real Estate News, Uncategorized

Leave a Reply