New LVRs curbs may have only temporary impact on Auckland house prices: Infometrics

Tue, 02 Aug 2016

By Sophie Boot Aug. 2 (BusinessDesk) - The Reserve Bank's latest lending restrictions on property investors could see nationwide house sales fall as much as 25 percent in a year, but the effects would be temporary and won't help curb house price growth in Auckland, says private economic consultancy Infometrics. Last month the central bank indicated it would extend mortgage lending restrictions on Auckland property investors to the rest of the country, requiring a bigger deposit and reintroducing a uniform national cap on highly leveraged...

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