LVRs relaxation unlikely to stoke housing risks: Fitch

Thu, 29 Nov 2018

By Jenny Ruth Nov. 30 (BusinessDesk) - International ratings agency Fitch Ratings says the Reserve Bank’s further loosening of loan-to-valuation restrictions on banks’ mortgage lending is unlikely to have a significant impact on the housing market. Fitch says the LVRs imposed from 2013 have helped cool the housing market, halving annual house price inflation nationally to 5 percent and from an average of 15 percent in Auckland between 2013 and 2016 to 1 percent in the year ended October this year. “We expect only modest gains of 3 perc...

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