Greater clarity should come from the Reserve Bank decision to replace the 90-day bank bill rate with OCR tracking projections in its monetary policy statements (MPS).
Westpac has abruptly stopped low-equity lending through mortgage advisers, while ANZ has loosened up its criteria around construction loans.
CoreLogic head of research Jonno Ingerson says the Reserve Bank's lending restrictions are having an impact on the market but property investors are looking for ways around them.
Mortgage Link aims to write $1 billion worth of home loans this year and is considering becoming a licensed entity.
We all seem to agree. New Zealand home prices look extremely high. But if they are so grossly unaffordable then how come so many people are willing and able to buy them?