The Kākā by Bernard Hickey
The Kākā by Bernard Hickey
Dawn Chorus: RBNZ green lights loan crackdown focused on first home buyers
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Dawn Chorus: RBNZ green lights loan crackdown focused on first home buyers

RBNZ confirms halving of high LVR mortgage share to slow market; First home buyers are first in line for the bank squeeze; First homers set to lose $5b or 25% of their bidding power
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TLDR & TLDL: The Reserve Bank has pulled the trigger on its proposal from earlier this month to halve the percentage of mortgage lending at more than 80% of the value of a house. The change from November 1 (one month later than originally planned) effectively carves off a quarter or $4.6b worth of first home buyer bidding power over the next year.

The L…

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The Kākā by Bernard Hickey
The Kākā by Bernard Hickey
Bernard Hickey and friends explore the political economy together.