News

Allow banks to assess borrowers' risk: Newland

Wednesday 19th of November 2014

The Reserve Bank has been discussing new restrictions on lending to property investors, related to the number of properties they own or their income.

But Newland told television programme Q&A that the idea of restricting property investors was total nonsense. “If you restrict property investors buying properties, it effects the rental market and rents go up.”

He...

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