[OPINION] Property market, Labour Government and Reserve Bank: an adversarial and unconstructive relationship

There is zero accountability for the blunders that seem to be arriving thick and fast – just PR spin and denial that anything is wrong.

A quick chronology of property investor grievances follows, coupled with advice for landlords and homeowners currently being affected by the Reserve Bank’s decision to provide loose and cheap credit in 2020, followed by an astonishing increase in the OCR in 2022.

The obvious outcome will be a price correction and increased banking conservatism, with late entrants to housing and new home buyers on fixed incomes likely to become the biggest casualties.

But first, let’s remind ourselves what has been going on