Reserve Bank may loosen mortgage lending curbs

Fri, 23 Nov 2018

By Rebecca Howard Nov. 23 (BusinessDesk) - The Reserve Bank may ease mortgage lending restrictions at next week's financial stability review as credit growth declines and house prices stabilise. The central bank introduced the loan-to-value restrictions in 2013 in a bid to douse an overheated housing market. At the time, almost a third of new lending was at a high LVR, heightening risk to the wider sector. It eased those restrictions earlier this year when housing market pressures showed signs of abating. "When there is no nail to bang...

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