Looking at the recent stats from the RBNZ about the new money lent, it is apparent that there has been a slowdown over the past twelve months. Interestingly lending has picked up over the past few months.
A deeper look at the stats reveals the investors dropping and the first home buyers gaining ground. Both seem to be getting closer to becoming a similar size of the lending market.
Hamish Patel – mortgage broker. Mobile: 021 625 693, hamish@monline.co.nz
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