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Despite a rise in profitable re-sales nationwide, it's a mixed bag regionally - 08-Feb-2024 nzcity.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzcity.co.nz Daily Mail and Mail on Sunday newspapers.
The large volume of servicing rights trades in January and high multiples were a reaction to tightening monetary policy after a period in which many stockpiled the asset. ....
First home buyers are being knocked out of a red-hot housing market by investors First home buyers are being knocked out of a red-hot housing market by investors 18 February 2021 New CoreLogic data shows mortgaged investors had a 30 percent share of January s sales - while first home buyers dropped to a three-year low of 22 percent. Property Investors Federation executive officer Sharon Cullwick says they do have it tough, but investors can t take all the blame. She says investors feel picked on, but 90 percent of them are just Mum and Dads without a large portfolio. Cullwick says the Reserve Bank s higher deposits for investors will slow the market down. ....