House listings stall, too soon to blame LVR’s

Mon, 30 Sep 2013

Oct 1 (BusinessDesk) – New listings of houses for sale stalled in September, according to online advertiser realestate.co.nz, but the usual spring surge is still expected in October and November, despite new lending restrictions coming into force today. The site’s marketing manager, Peter McKenzie, told BusinessDesk the 5.3 percent fall in listings between August and September was the first such drop since 2007, but at this stage there was no evidence that sellers were holding off listing because of loan to valuation ratio restrictions introdu...

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