New Reserve Bank Lending Rules for Five or More Rentals

Did everyone catch the NZ  Reserve Bank announcement today that investors with 5 or more rental properties will be required to be treated commercially by banks?  
Apparently we must be treated as small business owners in risk profile and higher costs for credit paid.  Higher interest rates and potentially lower LVR ratios are possible. This will reduce liquidity in the market more,  on top of  the 20% deposit rules already applied late last year. There is some speculation that it will be applied on a 5 property rule per bank, which would soften the impact for some.

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