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RB Governor Wants To Stop Investors Accumulating Property
Well I guess it might be a good idea if you want to buy more property you use different trusts, companies, friends, family, lawyers etc etc to hold only one or two properties each on your behalf as you build up your portfolio.

Bank eyes curbs on speculators

Thursday Nov 13, 2014

The Governor hints at measure to tackle property investors as he sticks to guns on LVR restrictions
The Reserve Bank is eyeing measures to discourage speculators from buying multiple houses as it acknowledges its loan-to-value ratio (LVR) restrictions have favoured investors over first-home buyers.
Appearing before MPs at Parliament yesterday, RBNZ governor Graeme Wheeler acknowledged “the issue is also around people who invest and buy multiple houses”.
“We have been thinking quite deeply about whether we need to introduce measures to discourage some of those practices”, he said.

Link:

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11357616

 

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