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New Zealand : House price expectations drop as Auckland market loses heat

Expectations around rising Auckland house prices have plummeted due to new housing measures introduced last year, ASB says. The rest of New Zealand has also experienced a decline in net price rise expectations, surprising the bank’s economists, especially with interest rates so low. ASB’s housing confidence survey for the three months to January shows 54 per […]

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New Zealand:Reserve Bank gets tough on Auckland housing market – 30% deposit rule for investors

Tough new rules aimed at calming Auckland’s red hot housing market could make it more expensive to rent in the country’s biggest city. In an unprecedented move the Reserve Bank’s imposing tighter lending restrictions on property investors meaning those wanting to buy in Auckland will soon need a bigger deposit. From October, property investors in […]