Property News

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an aerial view of some buildings in the foreground and a body of water in the background
Unitary Plan's commercial space impact unknown - NZ Herald
What impact is the Unitary Plan likely to have on Auckland's commercial property development market? #RayWhiteCityApartments #Auckland #UnitaryPlan
three signs are shown in front of some bushes and grass, one is for sale
NZ house prices up: Check your region
NZ house prices are up! Auckland house sale prices jumped $280/day. #RayWhiteCityApartments #Auckland #HousePrices
a house with trees and flowers in front of it that says leave a comment on the image
Banks given breathing space with LVR ahead of spring selling season
The Reserve Bank of New Zealand (RBNZ) is giving banks more time to meet the new Loan to Value Ratio (LVR) requirements. Under the new amendments, banks will allow only 5 per cent of loans to residential property investors to have an LVR of greater than 60 per cent (i.e. a deposit of less than 40 per cent of the value of the property). Additionally, loans to owner-occupiers with an LVR of greater than 80 per cent will be capped to 10 per cent of lending.