Business
Reserve Bank takes action over ‘unsustainable’ house prices – RNZ
The Reserve Bank has tightened loan-to-value restrictions in a renewed bid to cool the housing market.
The Reserve Bank (RBNZ) has tightened loan-to-value restrictions in a renewed bid to cool the housing market.
Photo: 123RF
The new limit meant only 10 percent of banks’ new home loans can go to buyers with a deposit of 20 percent or less.
The previous limit…
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