In March two key reforms came into effect designed to take the steam out of New Zealand’s fast inflating property market.
First, the Reserve Bank of New Zealand (RBNZ) reintroduced loan-to-value ratio (LVR) mortgage restrictions, which from 1 March 2021 required both investors and owner-occupiers to hold bigger deposits:
Second, and more importantly, the New Zealand Government on 23 March announced major property tax reforms targeted at investors, specifically:
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