RBNZ announces 'speed limit' on high LVR housing lending

The Reserve Bank announced that from 1 October 2013 it will restrict new residential mortgage lending at loan-to-value ( LVR) ratios of over 80 percent to no more than 10 percent of the dollar value of banks' new housing lending flows ( LVR Restriction) ... READ MORE

Released by Minter Ellison Rudd Watts - August 2013