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New Zealand also has differing deposit requirements and length of loan term for commercial property and some non-mainstream residential lending. The interesting difference about these restrictions are that they are being imposed on the commercial banks by the Reserve Bank, and not from the...

The New Zealand Reserve Bank announced yesterday that investors buying properties in Auckland city will require a 30% deposit if a mortgage is wanted from a commercial bank (eg ANZ, Westpac etc). A 20% deposit was introduced last year nationwide. This is scheduled to apply from October this...