The RBNZ announced LVR (loan to value) restrictions will start on 1 October 2013. It will limit high LVR (over 80%) to 10% of new lending. Matt has already written about this. This post adds some data for context. The following figures are from the March 2013 quarter General Disclosure Statements, published on each bank’s website.
Author Archive for: Shamubeel
About Shamubeel Eaqub
Shamubeel loves to talk economics, especially over a good coffee, beer, wine and food. He is a Principal Economist at NZIER, although the views on this blog are his own.
Entries by Shamubeel Eaqub
Blackberry, the phonemaker that popularized smartphones, may put itself up for sale. It has gone from a superstar to a has-been in less than a decade. Its share price has fallen from a peak of US$140 in 2008 to around $10 now. It was severely disrupted by Apple and other smartphone makers. I am one […]
National has announced policy to support first home buyers to take on more debt. It will have an entirely predictable outcome: higher house prices and higher debt. This will drastically increase the cost of the homes, which are as of now being sold. I recently took the assistance of a company to sell my house […]