Mortgage News

Turnover down more than expected: RBNZ

Wednesday 14th of May 2014

Governor Graeme Wheeler today released the Bank’s May Financial Stability Report.

He said the financial system was sound and well-placed to support expansion in the economy but was not without risks.

“Debt in the household sector remains high relative to income, and house prices are overvalued on several measures. As a result, financial stability could deteriorate if there is a sh...

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