October 23, 2013 -
Significant numbers of housing investors actually believe the Reserve Bank’s “speed limits” on high loan-to-value lending will help drive up property prices, while many don’t see the move having any impact, according to an ANZ survey.
The RBNZ applied the speed limits on LVR lending from the start of this month, mainly to protect financial stability, but also with a view to reining in rampant house prices.
The ANZ recently conducted its annual survey of property investors, in conjunction with the NZ Property Investors’ Federation, and released brief results of this earlier in the month.
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