RBNZ policy tweak “gamechanger” for Auckland’s supply woes
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 “game changing” policy tweak, which was introduced without any fanfare, was a massive step in the right direction.
“Property investors are the people who are best positioned to get new houses built in large numbers.
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