LVR Not Hurting As Much As Expected

Lower end remains strong despite LVR speed limits
By Jonno Ingerson
Monday Sep 8, 201

We are now nearly a year on from when the Reserve Bank signalled Loan to Value (LVR) limits and interest rate rises to cool down the property market. The changes we have witnessed since are not necessarily what has been widely reported.

One of these recurring stories is that sales of properties worth less than $400k have declined and that this is a sign that the LVR speed limits are shutting out first home buyers.

Read the rest here:

http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=11319569

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