Increases in property sales prices have flatlined and property types preferred by investors are taking the biggest hit. Trade Me Sales Price Index reports sales prices are down for units and apartments while large homes of five beds or more are very strong particularly in Wellington. Does the RBNZ or Government need to take further action to curb property investors appetite?
Tag Archives | RBNZ restrictions
Sentiment on PropertyTalk is investors will carry on despite their initial shock at the sudden announcement that come 1st September they’ll need a 40 percent deposit to purchase an investment property nationwide. A discussion commenced online a few minutes after the RBNZ announcement with replies from property investors showing many of the signs of grief.