In this episode, we discuss new ANZ lending rules that mean that property investors purchasing existing properties require higher yields, or more of their own income to support their mortgage application.
The major bank in NZ now only counts 65% of the rent an existing investment property generates when calculating mortgage affordability criteria. New builds and properties already within an investor's portfolio remains at 75%.
We also mention our upcoming tour to Christchurch, Queenstown, Auckland and Wellington where we are taking out 10 investors in each city + partners. To enter, leave a review on your favourite podcast listening app, follow us on Instagram and share something to your story. Then email us on podcast@opespartners.co.nz.
The Property Academy Podcast