ANZ follows ASB to douse hot housing market

ANZ follows ASB to douse hot housing market
Rebecca Howard
ANZ Bank has become the second bank to restrict highly leveraged lending to property investors after an announcement by ASB Bank last night.The Bank of New Zealand is still watching and waiting.“Today we’ve made the decision to increase the deposit required by property investors to 30 percent, up from the current 20 percent for new home lending applications from Dec. 7,” said Ben Kelleher, ANZ NZ managing director personal. “As a responsible lender it’s important for us to help customers make good borrowing de...

More Property

Auckland council on the hook for $150m building claim
Property

Auckland council on the hook for $150m building claim

Justice Tracey Walker heard the case from May to October 2022.

Staff reporters 26 Mar 2024
Winton's Wynyard: for the wealthy and well-heeled
Property

Winton's Wynyard: for the wealthy and well-heeled

Big balconies take advantage of the harbour and historic quarter views. 

Brent Melville 26 Mar 2024
Funds cut payments, hive off assets to survive, until better times come
Property

Funds cut payments, hive off assets to survive, until better times come

Property syndicators forced to sell their owned properties into a buyers market.

Brent Melville 25 Mar 2024
Build-to-rent 'doesn't work', but it needs to
Property

Build-to-rent 'doesn't work', but it needs to

Institutions say it's a tough sector given regulatory and tax settings.

Brent Melville 22 Mar 2024