Forget Auckland and Christchurch – LVR restrictions are about the provinces
Instead of relying on the Reserve Bank to control the property market, central government needs to take action – Chris Kennedy. With special feature audio.
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The Reserve Bank’s lifting of deposit requirements for investors to 40% is designed to protect provincial New Zealand’s property market from collapsing, Harcourts chief executive Chris Kennedy says.
“It will have little effect on Auckland and Christchurch houses prices,” he says.
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Sally Lindsay
Thu, 21 Jul 2016
Thu, 21 Jul 2016
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Forget Auckland and Christchurch – LVR restrictions are about the provinces
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