Well if he set out to "cool" the housing market he done a fantastic job in completely stuffing it

http://www.stuff.co.nz/life-style/ho...rtgage-braking

Quote - The figures showed a deepening of the trend of weaker sales volumes

And worse still

The volume of sales has now moved back to 2012 levels, and was the seventh-lowest recorded by REINZ in 23 years.