Except for Christchurch and Auckland, housing market growth is moderate. Photo: Bloomberg
Except for Christchurch and Auckland, housing market growth is moderate. Photo: Bloomberg
Property /  International

New Zealand limits risky mortgage lending to head off risk of bubble

Central bank tackles risk of housing bubble by limiting low-deposit mortgages, but many in industry doubt if it will have the desired effect

Reuters
Reuters

Updated: 5:12am, 2 Oct, 2013

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Except for Christchurch and Auckland, housing market growth is moderate. Photo: Bloomberg
Except for Christchurch and Auckland, housing market growth is moderate. Photo: Bloomberg
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