12 Nov 2020

Property investor and mortgage broker on superheated housing market

From Morning Report, 8:09 am on 12 November 2020

More now on the Reserve Bank being accused of adding pressure to an already stretched housing market.

The bank is planning to pump another $28 billion dollars into the economy over the next couple of years through cheap loans to banks.

The aim is for the money to be passed on to businesses and households, but it could also see more money pumped into a superheated property market.

Bruce Patten is a director of Auckland mortgage brokerage Loanmarket and Sharon Cullwick is the Property Investors Federation executive officer.

The pair speak to Corin Dann.