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Wealthy buyers are splashing out on luxury and lifestyle homes while overseas trips remain beyond reach, real estate agents say. While first homebuyers and investors are heating up the lower end of the real estate market, agents are also reporting emerging demand for high-quality residences and holiday homes with extra features. “We’re seeing people who typically would have been t...
Bank of New Zealand has joined ANZ, Westpac and ASB in hiking the deposits needed by residential property investors for rental property loans. From December 7, investors will need a 30 per cent deposit for a loan on investment properties. Ordinary home buyers will still qualify for home loans with 20 per cent deposits. BNZ customer, products and services executive Dan Huggins said that given...
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