Did some reading on the impact in these changes in NZ recently .
My understanding is that it's slowing the market growth but certainly hasn't cause a stop or reversal .
My take is that it might take us away from the boom / bust mentality of a slower , more orderly growth which may be good for everyone .. ( Hows that
)
The RBA have talked about specific locations and the locations that they have mentions are more the inner city units . If those crash , it's make it easier for my kids to buy in those areas in the next 2-4 years .
NZ reserves bank article talks about this
But in the short term ... If I heard talk that there might be changes coming in to limit what I could borrow to buy houses and I was thinking of buying more , what would I do ...
I'd seriously think about buying , NOW , WHILE I COULD , BEFORE THEY BROUGHT THOSE PROPOSED CHANGES IN ... ( very likely )
The other think I'd do , If I was thinking of selling properties to take a property and then buy more , I'd think about NOT selling .... ( I think this is less likely )
So short term , potentially less of the market , more people wanting to buy ...
Prices go up more.
Another though, given Cashed up Asians buyers are buying everything in Sydney we may have no change
Cliff