The average house sale price in Auckland hit $580,000 this week and new housing statistics have identified increasing numbers of suburbs that are depressingly out of reach for first-time buyers....

As the property market shows signs of rejuvenation, banks are loosening the purse strings and relaxing their lending criteria....

Rod Oram argues here http://www.stuff.co.nz/business that it’s time we revolt against the big banks because they are “enjoying excessively healthy lending margins”. ...