NZ: No easy fix for housing market – BNZ

Stephen Toplis, Head of Research at BNZ, suggests that the general NZ populace needs to understand that there is no easy fix to our current housing market issues.

Key Quotes

“The Reserve Bank can impact only a very small number of factors that drive the market.

Even the Government has only modest control, at least theoretically, and much of that potential control is undermined by the fact that the electorate would rebel if many of the requisite policies were ever implemented.”