Expert doubts RBNZ tough talk
Talk of tough moves to harness property investors may be just that - talk.
Monday, November 14th 2005, 11:38PM
by The Landlord
The Reserve Bank and the Government are considering measures that include limiting the amount that can be borrowed against a property and targeting loss attributing companies.The aim is to cool inflationary pressures caused by the over-heated property market.
Massey University's Property Studies Professor Bob Hargreaves believes the housing market is already in the process of leveling out.
He says the Reserve Bank and the Government will probably talk about direct intervention and that will be enough to make people cautious about over-investing.
Meanwhile the Real Estate Institute is angry the Reserve Bank is thinking of regulating investments in property to control inflation.
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