Property News · August 15, 2017

Real estate agents in Auckland call for lending rule relaxation


Demand is growing for first-home buyer house lending restrictions to be relaxed, with one real estate agency saying that Aucklanders now needed an average NZ$200,000-plus (US$145,751) deposit to buy their first home.
Barfoot & Thompson’s Peter Thompson, the Real Estate Institute and Century 21 national manager Geoff Barnett want the Reserve Bank lending limits scrapped for newbie buyers and TailRisk Economics principal Ian Harrison has released a new report on proposed debt to income…

Source : South China Morning Post
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