Reserve Bank of New Zealand 's Governor Wheeler in front of a parliamentary committee
- Concerned how quickly house prices are rising outside Auckland
- Investors looking outside Auckland adds price pressure
- Not enough houses being built in Auckland
- RBNZ assumes dairy prices will recover only slowly in 2016
more to come
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Earlier today:
- RBNZ Financial Stability Report - housing and dairy are risks to stability
- RBNZ's Wheeler: Growth slowing in a number of trading partner economies
