LVR rules slowing property market

‘‘‘‘Thumbs-up to the Reserve Bank. What they’re trying to do is working.’’’’ John Bolton, Auckland mortgage broker

Catherine Harris
Fairfax NZ

Bank economists agree the housing market is slowing, due in part at least to the Reserve Bank’s crackdown on low-equity mortgages. Figures from the Real Estate Institute of New Zealand (Reinz) show that house sales fell 6.6 per cent in November on the...

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