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29 Mar 2024 21:29
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  •   Home > News > Business

    There's surprise the Reserve Bank is looking to crack down on low deposit lending

    There's surprise the Reserve Bank is looking to crack down on low deposit lending


    The bank wants to halve the number of people borrowing more than 80 percent of the property's value, by cutting the number to ten percent.

    It could be in place from October.

    Independent economist, Tony Alexander, says he doesn't think the increase in low deposit lending is all that worrying.

    He says it was still only 9.6 percent of housing lending, so already below the 10 percent limit.

    Alexander thinks it may be due to the trend which has been going up, especially among first home buyers, over the past three or four months.

    © 2024 Newstalk ZB, NZCity

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    The Chiefs are backing young first-five Josh Jacomb to step up in tonight's Super Rugby clash against the Crusaders in Christchurch More...


    BUSINESS BUSINESS
    New Zealand Food Safety is supporting Matakana Smokehouse in its recall of a specific batch of two of its salmon products because of the possible presence of Listeria More...



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