Auckland house prices and the New Zealand dollar are over-cooked. The Prime Minister recently told the Reserve Bank to get on with tightening loan to value ratio (LVR) rules. Part of the delay in it happening may be the Reserve Bank demonstrating that it won't be told what to do by politicians. The Reserve Bank wants most property investors around the country to have 40 percent deposits in future. • Weaken the New Zealand dollar.

Source: New Zealand Herald July 20, 2016 04:30 UTC