Larger house deposits irresponsible - expert

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Larger house deposits irresponsible - expert

3News NZ

House prices are expected to rise

House prices are expected to rise

A real estate boss says a proposal to require bigger deposits from home buyers is irresponsible.

He says it will not help anyone.

This comes as new data shows a jump in the number of people expecting house prices to rise.

Watch the video to see the full report by Susie Nordqvist

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Comments

15/05/2012 7:40:46 p.m.

Geoff Prickett wrote:

A real estate is not an expert. He/she is blatantly self-interested. Cheap credit, usually from overseas, borrowed to inflate the price of property may well line the pockets of the real estate industry but it can only contribute to a more precarious future for all New Zealanders. Roll on Greece - here we come.

15/05/2012 6:32:19 p.m.

Mike wrote:

I find it hard to believe he has first home buyers interest first.