Capital Gains Tax

[Aaron]

Healy and banks are the cause of these perceived housing problems

I would have said global central bank policy(low interest rates & easy money & inflation to clear debt) and immigration were the main causes at a guess. Banks seem to be getting a bit tougher re lending.
The expansion of the Chinese banking system from what I read is quite spectacular maybe some of this funny money is buying Auckland property.

[winner69]

I would have said global central bank policy(low interest rates & easy money & inflation to clear debt) and immigration were the main causes at a guess. Banks seem to be getting a bit tougher re lending.
The expansion of the Chinese banking system from what I read is quite spectacular maybe some of this funny money is buying Auckland property.

Have you ever wondered why such a large %age of bank lending is in residential mortgages .....and the virtuous cycle that causes.

[Aaron]

Have you ever wondered why such a large %age of bank lending is in residential mortgages .....and the virtuous cycle that causes.

I had assumed it is because it is easier to value an existing house rather than a start up business with no history for making a profit or for that matter an existing business.
Also houses never go down in value so it is a sure bet.