this post was submitted on 28 May 2024
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NZ Politics
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This is good!
They're finally regulating mortgages in terms of affordability.
Hopefully this will cool the investor market a little.
Stand by for the government to pass some bullshit under urgency to heat it back up again.
Yeah that's what interests me, given the funding they've raked in from property related interests over the last couple of years they are quite beholden to that lobby.
Yes it seems like a good move on behalf of the RBNZ. Interest rates are likely to head down from here on out, and that means people can borrow more on the same income. Adding a cap before it starts to happen is a good plan.