Do you agree with Reserve Bank's new minimum deposit requirement for home buyer?
Based on the news, there are nearly 40% of New Zealanders would not approve of Reserve Bank move to require home buyers to have minimum 20% deposit. Personally, I don't think that measure will be useful to control the house price. It will make low income buyer more difficult to buy first home. For rich people, they mostly have enough capital to be used as deposit for buying more houses.
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