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RBNZ policy meant to chill Auckland market - but will it?

Wednesday 13th of May 2015

Westpac chief economist Dominick Stephens said the announcement of the policy over four months before implementation was intended to have an immediate chilling effect on the Auckland property market.

Whether it would or not was unclear as, unlike the buyers who rushed to get in the door before the last LVR restrictions came into force in 2013, investors are focused on capital gain and w...

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