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  • Cooling in the Auckland property market is likely to be longer-lived this time, ANZ’s economists say.

Since the new lending restrictions on property investors were announced in the middle of the year, there has been a noticeable slowdown in turnover in Auckland.

Investors now need a 40 per cent deposit to purchase rental property.

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property-market-slowdown

Turnover has slowed significantly in some parts of the property market.