House lending restrictions hit investors

Loans to investors fell to $1.15 billion in February - 35 percent down on a year earlier - following new house lending restrictions.

Rules introduced last October required property investors to have a 40 percent deposit before they could borrow the rest from a bank.

Loans to investors fell to $1.15 billion in February – 35 percent down on a year earlier – following new house lending restrictions.

Rules introduced last October required property investors to have a 40 percent deposit before they could borrow the rest from a bank.

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