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Market Cooling through winter

25/6/2017

 
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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. 

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