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Borrowing boom in July – before second lockdown

Wednesday 26th of August 2020
The "sugar rush" from the first lockdown continued last month as mortgage borrowing outstripped the $5.9 billion recorded in July 2019.
The property market comeback came during New Zealand's 100+ days free of Covid-19 transmission, as confidence bounced back after the first period of lockdown.
The Reserve Bank data underlines the strong comeback the housing market...
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