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RBNZ estimates new mortgage rules will reduce Auckland house prices by 2 - 4%

RBNZ estimates new mortgage rules will reduce Auckland house prices by 2 - 4%

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Eamonn Sheridan
02/06/2015 | 23:28 GMT

The Reserve Bank of New Zealand has issued a consultation paper on proposed changes to bank rulkes for high-LVR mortgage loans

  • RBNZ estimates the new rules will reduce Auckland prices by 2 - 4%
  • And reduce sales by 8%

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