News

RBNZ policy tweak “gamechanger” for Auckland’s supply woes

Monday 31st of August 2015

Property Institute chief executive Ashley Church said RBNZ briefing papers show that investors will now be exempt from requiring a minimum 20% deposit for a property purchase when the loan is to build a new home. 

Auckland’s much-discussed housing supply shortage means many more new dwellings need to be built as quickly as possible.

Church said the RBNZ’s &ldquo...

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