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Harcourts applauds LVR move

Friday 9th of May 2014

Since October, banks have been able to lend no more than 10% of their new loans to borrowers with a deposit of less than 20%.

But new low-deposit lending has been running at about 5% of new loans.

Reserve Bank deputy governor Grant Spencer said this morning that the pressures in the housing market were easing although there were still factors that could be a problem, such as a s...

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