Business
NZ aims to tame house prices, Australia may follow – The Australian Financial Review
The RBNZ is proposing to reinstate LVR restrictions at the same level they were before the onset of COVID-19. Some economists believe it may be only a matter of…
“The only policy option to cool a surging housing market is prudential,” Mr Hogan said.
The RBNZ’s move came after Real Estate Institute of New Zealand figures revealed a near-20 per cent rise in median house prices over the year to the end of November. House prices have soared about 90 per cent over the past 10 years.
While the RBNZ has imposed LVR restrictions on lending since 2013, it removed the curbs in April to help the country through the pandemic. At the time there was deep uncertainty about…
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