LVR rules reinstated but industry skeptical it will cool housing market

A Stuff article.

The Reserve Bank’s restrictions on home loans kick in from today, but those in the industry don’t believe it will do much to cool the market.

Loan-to-value ratios (LVR) were temporarily lifted in the wake of Covid-19, but a runaway housing market has forced the Reserve Bank to reintroduce them.

Meanwhile, some buyers have been rushing to get their mortgage applications in, to beat the changes.

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