Property sales data on non-resident buyers has proven interesting so far but is from conclusive and is not likely to singlehandedly trigger further action by the Government or the RBNZ. The new rules introduced late last year shrunk the pool of foreign buyers who were waiting for new IRD numbers.
Tag Archives | Auckland property market
Since the Reserve Bank cut the main trading Banks to 80% there has been a lot of talk about its effect, or not, on the Auckland market so I thought it opportune to have a look and see what’s happening.
At the beginning of 2012 the Banks were still pretty tight in terms of lending criteria and property types. All changed with most now lending to 95% and on apartments too.