How Reserve Bank Can Take On Big Landlords Nov 14, 2014 (or How - TopicsExpress



          

How Reserve Bank Can Take On Big Landlords Nov 14, 2014 (or How to Wreck a Property Market In The Shortest Time Possible) Governor eyes ways to curb multi-property buys Landlords with more than five properties might be the Reserve Banks next target after Governor Graeme Wheeler warned of further measures to discourage multiple investors. Wheeler this week revealed how the bank was considering discouraging multi-property investors who benefit from the loan-to-value regime at the expense of first-home buyers. The rules introduced in October last year restrict lending at loan-to-value ratios (LVRs) of more than 80 per cent to 10 per cent of new lending. And while first-home buyers struggle to save a 20 per cent deposit, equity-rich landlords are swooping on the cheaper properties, creating a new set of issues. Link: nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11358192
Posted on: Thu, 13 Nov 2014 17:49:25 +0000

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