Reserve Bank’s LVR policy ‘will make very little difference’, ANZ’s Judge says

Tue, 15 Oct 2013

By Jonathan Underhill Oct. 16 (BusinessDesk) – The Reserve Bank’s restrictions on low-deposit home loans won’t have much impact in alleviating pressures in a housing market driven by a shortage of land and high local authority compliance costs, says ANZ New Zealand chairman John Judge. Judge, chairman of New Zealand’s biggest lender, was speaking at Fletcher Building’s annual meeting in Auckland, where he is a director. “The reality is price inflation is being driven in Auckland and Christchurch by an imbalance of supply and demand, and the...

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