The Government’s package of income tax cuts helped improve home loan affordability last month by the most in nearly two years, a report shows....

Homes are at their most affordable in six years – apart from in Auckland, where the average weekly mortgage is now more than $570 a week....

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”. ...

The Reserve Bank has dropped official interest rates to a new low of 2.5 percent and is promising low rates at least till the end of next year....