Property Market stories
New Zealand shares fell, snapping four days of gains, led by Genesis Energy, Meridian Energy and MightyRiverPower as investors looked to crystalise.
The Reserve Bank will retain restrictions on low-equity mortgage lending because governor Graeme Wheeler continues to see risks in the housing mark.
Urban renters feel the pinch as weekly rental costs soar by 6.4%, with cities facing sharper increases compared to provincial areas.