The effects of the Government's mortgage lending restrictions are starting to be felt in Tauranga but the full impact of the changes are unknown, Tauranga real estate professionals say.
Harcourts Advantage Realty Bay of Plenty manager Simon Martin said he was aware of a couple of people who were not able to go through with their agreements, but those properties had been picked up by investors.
"It has had an impact, but what exactly that impact is will be interesting to see.
"Last month there were no sales in Tauranga under $200,000; we had 38 over the last 12 months."
Mr Martin said there were not many houses to rent in Tauranga, so investors were prepared to buy property, especially as those people who could not buy homes would now have to rent.