Last week the Reserve Bank were technically granted permission to add debt-to-income (DTI) limits to their macro-prudential toolkit. With the news, came a paper with plenty of detail into how these mate work and who they might affect. Nick and Kelvin provide their takeaway points after giving the document the once over. One key upshot is that we're unlikely to see implementation of any limits this year.
The other big piece of news last week was the GDP figures for Q1, which surprised all economists for it's strength. In light of this, forecasts for interest rate increases have been brought forward my many in the industry.
There was also net migration data, rental price information and the REINZ stats to review and a look ahead to May lending data.
Check out the best of the best release for 2021 so far and the June video.
Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz