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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
1 mins to read

'Deposit increase for property investors won’t solve anything' – King

Reserve Bank hasn't taken a wide enough look at the entire Auckland property market, Property Investors Federation head says
 
Sally Lindsay and the New Zealand Property Investors Federation's Andrew King discuss the Reserve Bank's latest move on A

Sally Lindsay
Wed, 13 May 2015

Andrew King of the New Zealand Property Investors Federation says the Reserve Bank has missed the mark with its decision to hit Auckland property investors buying existing houses with a 30% deposit.

The rule won’t apply to investors building new houses.

Mr King says the Reserve Bank has not taken

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Sally Lindsay
Wed, 13 May 2015
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'Deposit increase for property investors won’t solve anything' – King
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