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Investment Property 40% deposit

Investment Property 40% deposit

The Reserve Bank of New Zealand has announced that as of 1st of September property investors will need a 40% deposit or equity. The main banks have already put this rule in place for new applications.

If you already have an approval with a 20% deposit or equity for an investment property it might prove prudent to use it before it expires.

This new rule applies for properties outside of Auckland as well.

 

 

 

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