Business
New Zealand house prices surge, again – The Australian Financial Review
The February gains step up the pressure on the central bank to place further curbs on the booming housing market.
The central bank has already announced restrictions on mortgage lending, and loan-to-value-ratio (LVR) curbs were put back in place on March 1. From the start of this month, banks can allocate only 20 per cent of new lending to loans with an LVR of more than 80 per cent.
Over two stages, lenders can allocate a maximum of only 5 per cent of new lending to investment property borrowing, with an LVR of more than 70 per cent. On May 1, the LVR requirement will be cut to more than 60 per cent, still…
-
General18 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General17 hours agoPope Francis appears Easter Sunday to deliver blessing as recovery continues
-
General23 hours agoEaster drowning toll in NSW rises after fisherman swept off rocks in Sydney’s south
-
General21 hours agoReason v magical climate thinking – voters have no choice