Correction: Real Estate Institute O'Sullivan says first-home buyers could give up on home ownership

Correction: Real Estate Institute O'Sullivan says first-home buyers could give up on home ownership
(technical correction to comments on LVR's in seventh par) By Fiona Rotherham Nov. 14 (BusinessDesk) - Departing Real Estate Institute chief executive Helen O’Sullivan said the Reserve Bank’s decision to continue the loan-to-value ratio restrictions on home loans could see some first-home buyers give up on the idea of ever owning a house. RBNZ governor Graeme Wheeler yesterday said the LVR regime in place for a year had been successful, with house price inflation falling nationally from just under 10 percent to 4.9 percent, while in Au...