Investor lending decline continues (+GRAPH)

We strive to keep Wellington property owners up to date with the latest property information.

Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.


 

Investors’ share of new mortgage lending dropped again in May although the amounts loaned were up, new Reserve Bank lending data reveals.

Wednesday, June 28th 2017, 12:47AM

by Miriam Bell

It is ever more apparent that the latest investor-focused LVRs, along with tighter lending conditions on the part of banks, have knocked a considerable number of investors out of the housing market.

The Reserve Bank’s May latest residential mortgage lending data provides further evidence of this……..

 

Continue reading this article at the original source from GoodReturns.co.nz

 

 

 

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2017-07-20T11:55:41+00:00