Is this normal or is this in response to the recent changes that all home purchases need to have 20% down or is this new policy making the renting situation worse? Given the average cost of home versus income, I can't see how this won't eventually begin to depress the housing market. Could this potentially be the long term policy change that starts to deflate what appears to me as a hyper-inflated housing market, potentially, especially in secondary markets and rural, non-scenic areas? As I get ready to pack for my trip to Auckland tomorrow, my only real concern outside of distance from family in the US, is the housing market. Reading things like this really make me appreciate my setup and also kind of puts emphasis that as I near the end of my two year plan is to make buying a property of my own a priority, even if it's a condo if I decide that NZ is where I want to make a permanent home.