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Property investors not convinced by ANZ tightening lending

Property investors not convinced by ANZ tightening lending © RNZ / Claire Eastham-Farrelly Property investors do not think ANZ s moving to tighten lending to property investors will help other residential buyers - and some say the bank is just looking out for its own risk. ANZ says changing its rules is a way to bring some balance back into the market (file image). Photo: RNZ / Claire Eastham-Farrelly ANZ has announced it will now require residential property investors to have at least a 40 percent deposit, up from the current 30 percent. The bank also called for big, bold and urgent action to dampen the housing market, warning that house prices could be due for a correction in the new year if they continued to rise as they had.

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