Fears ANZ's latest move won't help first home buyers
Fears ANZ's latest move won't help first home buyers
15 December 2020
The bank's imposing stricter deposit requirements on property investors -- requiring 40 per cent equity for borrowing to buy residential property.
The bank says it will help balance the housing market.
But, One Roof commentator Ashley Church says LVR restrictions the Reserve Bank wants to bring in ... would still hold back first home buyers.
He says a 20 per cent deposit requirement will make it almost impossible for a young couple in Auckland looking to buy, unless they have support from someone.
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