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Wariness around housing debt increasing

Author
Laura Heathcote,
Publish Date
Sat, 2 May 2015, 10:31AM
Photo: Edward Swift
Photo: Edward Swift

Wariness around housing debt increasing

Author
Laura Heathcote,
Publish Date
Sat, 2 May 2015, 10:31AM

As house values in Auckland soar ever higher, there's evidence most buyers are being responsible about how much debt they're taking on.

Quotable Value says average house values in the Supercity now exceed $800,000.

But Nick Goodall of property analysts CoreLogic says buyers are adjusting their expectations.

"From the data we've looked at, people are still relatively cautious in terms of getting too much into debt.

"Obviously the LVR restrictions are still in place so people still can't, unless they do new construction, they can't take on more than 80 percent of the loan."

 

 

 

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