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ANZ tightens lending to property investors to help 'bring balance' to property market

ANZ tightens lending to property investors to help bring balance to property market © RNZ / Nate McKinnon © Provided by Radio New Zealand Generic exteriors of ANZ office Photo: RNZ / Nate McKinnon ANZ says it will now require residential property investors to have at least a 40 percent deposit, up from from the current 30 percent. There are no changes to deposit requirements for other residential buyers, including first home owners. ANZ managing director personal Ben Kelleher said the cu...
New Zealand New Zealanders Ben Kelleher Nate Mckinnon Real Estate Institute Reserve Bank
Source: msn.com

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