Give us a call: (09) 486 4719
btn book free consultation

Blog

Email me when new posts are made to this blog

New Auckland RBNZ Restrictions

May 14th, 2015.

We'll get a more comprehensive blog out in the next few days but the Reserve Bank yesterday announced a new restriction specifically targeting investors and aimed at just the Auckland market.
 
The key policy changes from yesterday's announcement are as follows:
 

  • Require residential property investors in the Auckland Council area using bank loans to have a deposit of at least 30 percent.
  • Increase the existing speed limit for high LVR borrowing outside of Auckland from 10 to 15 percent, to reflect the more subdued housing market conditions outside of Auckland.
  • Retain the existing 10 percent speed limit for loans to owner-occupiers in Auckland at LVRs of greater than 80 percent.
     
    A few thoughts which I will look to expand on later are:
     
  • Will this push prices up in areas like Hamilton, Tauranga as investors who get locked out of the Auckland market look elsewhere?
  • Will this create some buying opportunities for those with higher equity levels as there will be less competition in the market?
  • The rule change comes in on the 1st of October. How will the banks approach this between now and then?
  • Is the change in increasing the speed limit outside of Auckland actually going to do anything with the banks having a nightmare administering this as it is at the moment?
  • With this restriction and the introduction of higher capital requirements still to come in as another restriction aimed at the investor market in July is there an increasing likelihood of an OCR cut?
  • What effect could this have on rents?
Click HERE for the full RBNZ announcement article.

22 Comments

Patricia Donovan says ...
Christmas and all other festivals have been celebrated with the help of the quarterly phases for the candidates. The celebration and essayedge com is visited of the quarterly followed chips for the masters. It is turned for the new tools of the discussion for the festivals for the Christians.
Great king says ...
I essentially needed to thank you much more for your stunning site you have created here. It tends to be loaded with valuable tips for the individuals who are really intrigued by this particular subject, basically this very post. energy comparsion site
Great king says ...
Simply respecting your work and thinking about how you dealt with this blog so well. It's exceptional to the point that I can't bear to not experience this important data at whatever point I surf the web! avenue south residence
jame harrt says ...
This is a great high resolution screen which you have shared for the users. Making a website is not an easy task but managing a good website is really a hard work. As far as this website is concerned, I am very happy. leedon green condo
sam harries says ...
There are several dissertation online websites online live pick-up not surprisingly acknowledged inside internet sites. 카지노사이트
king of kings says ...
You have worked admirably on this article. It's truly decipherable and exceptionally keen. You have even figured out how to make it justifiable and simple to peruse. You have some genuine composition ability. Much obliged to you. Website Hosting Services
king of kings says ...
This is a shrewd blog. I would not joke about this. You have such a great amount of information about this issue, thus much enthusiasm. You likewise realize how to make individuals rally behind it, clearly from the reactions. what fish lives the longest
slot online says ...
Much appreciated for sharing us about this update. Expectation you won't get worn out on making posts as educational as this. funeral arrangements singapore
kite says ...
I have read your blog it is very helpful for me. I want to say thanks to you. I have bookmark your site for future updates. Free YouTube Video Downloader
sam says ...
I have perused your blog it is exceptionally useful for me. I need to express profound gratitude to you. I have bookmark your site for future updates. photo editing for product photographers
sam says ...
I have perused your blog it is exceptionally useful for me. I need to express profound gratitude to you. I have bookmark your site for future updates. carpet cleaner christchurch
dany says ...
Good post but I was wondering if you could write a litte more on this subject? I’d be very thankful if you could elaborate a little bit further. Appreciate it..! 토토사이트
dany says ...
Good post but I was wondering if you could write a litte more on this subject? I’d be very thankful if you could elaborate a little bit further. Appreciate it..! google ranking
sam says ...
When a blind man bears the standard pity those who follow…. Where ignorance is bliss ‘tis folly to be wise…. small plastic containers with lids
dany says ...
When a blind man bears the standard pity those who follow…. Where ignorance is bliss ‘tis folly to be wise…. small plastic containers with lids
ms_company says ...
I am continually amazed by the amount of information available on this subject. What you presented was well researched and well worded in order to get your stand on this across to all your readers. echo dot 3 gen review
mirza says ...
Much thanks to you again for all the learning you distribute,Good post. I was keen on the article, it's very moving I ought to concede. I like visiting you site since I generally go over fascinating articles like this one.Great Job, I extraordinarily acknowledge that.Do Keep sharing! Respects, American Flag Bikini
dany says ...
I regard this article for the especially researched substance and sublime wording. I got so incorporated into this material that I couldn't stop examining. I am awed with your work and bent. Thankful to you to such a degree. singapore cystic acne
dany says ...
I was dazzled with the site that you made, so memotipasi numerous individuals to be further developed, there likewise kunjugi me, as an examination emiten.com
dany says ...
I was impressed with the site that you created, so memotipasi many people to be more advanced, there also kunjugi me, as a comparison Movers from Boston to New York
sam says ...
I was exceptionally dazzled by this post, this site has consistently been charming news Thank you especially for such a fascinating post, and I meet them all the more frequently then I visited this site. best practices for social media customer service
dany says ...
Personally, I have found that to remain probably the most fascinating topics when it draws a parallel to. You may find two to three new levels inside L . a . Weight loss and any one someone is incredibly important. Initial stage may be real melting away rrn the body. lose weight 먹튀

GET IN TOUCH FOR FREE, NO-OBLIGATION ADVICE ON YOUR NEXT INVESTMENT

“ *As a rule, we advise that you contact us as early as possibly to secure the most suitable time for your consultation.
Product Query

First Name*
Email*
Phone
 

CONTACT US

Kris Pedersen Mortgages Limited

+64 9 486 4719
info@krispedersen.co.nz
Skype: Kris_Pedersen    
Takapuna Office
 
388 Lake Road
Takapuna
Auckland 0622
Newmarket Office
 
Level 6
135 Broadway
Newmarket
Auckland 1023
Postal Address
 
PO Box 33650
Takapuna
Auckland 0740