Prime Minister John Key says he won't pay ransom for Kiwi abducted in Nigeria ... More soonREADER REPORT: Averting New Zealand's approaching financial crisis ALEX MOREFAIRFAXNZ Bill English talking about Auckland's housing market at his post-Budget breakfast. New Zealand is definitely headed towards a financial crash caused by a collapse, or severe deflation, in its housing market. To 'avert' the rapidly approaching financial crash we need to reduce demand and reduce investment. This can be done by making them keep a higher percentage of reserves for their housing investment market portfolio. Anybody, Kiwi or foreigner, intending to invest in New Zealand would have to give first choice to investing in our housing market.

Source: Stuff June 22, 2016 23:48 UTC