• We may not have seen the last of Reserve Bank intervention in the housing market, experts say.

Loan-to-value restrictions limiting lending to investors with deposits of less than 40 per cent officially kicked in this week. Banks had been required to act in the spirit of the rules since they were announced in July.

QV analyst Nick Goodall said they seemed to be having an effect on the market.

He said bank-ordered valuations, used to support lending decisions, provided a good measure of future demand.

READ MORE: English in talks with RBNZ over income-related loan limits to curb house prices


SUPPLIED. More rules may be coming to curb the property market.