RBNZ's 'game changer' for housing supply, prices

New Zealand's Property Institute says the RBNZ briefing papers showing that investors will now be exempt from requiring a minimum 20% deposit for a property purchase when the loan is to build a new home. is a game changer.

• RBNZ estimated the change will result in just an additional 200 houses being built per month
• But Property Institute chief executive Ashley Church said the figure will probably prove to be much higher once the change becomes more widely known

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