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RBNZ predicts turnover drop

Thursday 10th of October 2013
Banks must keep their low-LVR lending to less than 10% of their new loans.
In an analytical note published today, the bank said it expected a drop in turnover and for house price inflation to drop by about four percentage points from where it otherwise would have been in the first year.
If the limits created a behavioural change among buyers and sellers, the impact could be more...
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