29 Nov 2017

Analysts expect RBNZ to signal LVR unwind

From Morning Report, 7:16 am on 29 November 2017

First home-buyers are likely to get some welcome news, as the Reserve Bank is expected to signal an easing in lending restrictions when it releases its six monthly update on the health of the financial system. The lending limits were introduced in 2013, with most buyers required to have a deposit of at least 20 percent. With house price growth waning, the Reserve Bank is expected to make good on its promise to unwind what it described as temporary measures. RNZ's Patrick O'Meara explains the details.