House prices in Auckland have continued to edge lower as a winter chill has set in, and the cooling is spreading to surrounding larger cities.
The effects of the Reserve Bank’s 40 percent deposit rule for rental property investors is still rippling through the market after its introduction in the second half of last year. A slight rise in interest rates in late 2016 and a toughening of lending criteria by the big four banks has also dampened activity.
The effects of the Reserve Bank’s 40 percent deposit rule for rental property investors is still rippling through the market after its introduction in the second half of last year. A slight rise in interest rates in late 2016 and a toughening of lending criteria by the big four banks has also dampened activity.
