LVR restrictions favour the wealthy
In its submission to the Reserve Bank on LVR restrictions it has asked that any changes should not make it harder for first-home buyers to purchase properties. Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site. You will also be able to comment on articles on Good Returns.
The bank is consulting on tools such as loan-to-value speed limits and is expected to implement them in the next couple of months with the aim of limiting the amount of lending a bank can do in the high-LVR range.