PHOTO: LVRS – The Reserve Bank of New Zealand
The Reserve Bank has confirmed plans to ease loan to value ratio (LVR) restrictions.
Acting governor Grant Spencer said housing market pressures were easing, while policies announced by the Government were expected to have a dampening effect on the housing market.
“In light of these developments, the Reserve Bank is undertaking a modest easing of the LVR restrictions. From 1 January 2018.”
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