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Stricter loan rules for Auckland property

Investors must have deposit of at least 30 per cent: NZ central bank
Thursday, May 14, 2015 - 05:50

Wellington

NEW Zealand's central bank plans to tighten lending restrictions for residential property investors in Auckland to curb an overheated housing market in the nation's largest city.

Investors will need to have a deposit of at least 30 per cent for any bank loan to buy

sentifi.com

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