First scratch: RBNZ brings forward LVRs
Central bank tries to cool housing market it heated up by bringing back LVRs 2 mths early; No word if first home buyers will be exempt; Bank capital upgrade delayed 1 yr; Dividends ban stays til March
TLDR: The central bank has responded to a chorus of calls to reintroduce LVR controls to hose down a raging housing market, but has only bought them forward by two months to March. It also hasn’t said if first home buyers will avoid restrictions. This gives rental property investors time for a summer of frantic house buying and outbidding of first home …
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