New tax and loan-to-value (LVR) ratios seem to have significantly dented bank lending to investors.
The Government’s new tax measures, which are aimed at both local and overseas investors, came into force on October 1.
Meanwhile, from November 1, banks have been restricted in how much lending they can do to people purchasing investment properties in Auckland with less than 30% equity.
In Auckland, no more than 10% of bank lending can now go to borrowers with deposits of under 20% - although, around the rest of New Zealand, that limit has gone up to 15%...MORE»
Wednesday, November 25th, 8:45AM
Monday, November 23rd, 6:06AM
Weakness in the dairy sector means OCR cuts are on the way, ASB says.MORE»
A long-running battle over what exactly lender credit fees should cover has hit the Supreme Court this week.MORE»
There are no Reserve Bank plans for further investor restrictions, despite its housing market concerns.MORE»
The Reserve Bank released its Financial Stability Report this morning. Here's what they said about it:MORE»
Fewer people expect house prices to rise, ASB's latest survey shows.MORE»