RBNZ Imposes Restrictions on Low-Deposit Home Loans From Oct. 1

RBNZ Imposes Restrictions on Low-Deposit Home Loans From Oct. 1

Brendon O'Hagan/Bloomberg

Houses stand under construction behind palm trees in the suburb of Hobsonville Point in Auckland. The Organization for Economic Cooperation and Development said in May that New Zealand’s homes were the fourth most over-valued in the developed world, behind only Belgium, Norway and Canada.