{"id":5161,"date":"2017-12-12T14:46:00","date_gmt":"2017-12-12T06:46:00","guid":{"rendered":"http:\/\/183.63.166.89:8088\/?p=5161"},"modified":"2023-05-29T15:08:00","modified_gmt":"2023-05-29T07:08:00","slug":"reserve-bank-to-ease-lvr-restrictions","status":"publish","type":"post","link":"https:\/\/avanda.co.nz\/?p=5161","title":{"rendered":"Reserve Bank to ease LVR restrictions"},"content":{"rendered":"\n<p>The opportunity for first home buyers to get onto the property ladder will likely get easier in 2018, following the Reserve Bank of New Zealand\u2019s announcement that it will undertake a \u2018moderate easing\u2019 of the LVR restrictions.<\/p>\n\n\n\n<p>Reserve Bank Governor said, when releasing the bank\u2019s Financial Stability Report, \u201cOver the past six months, pressures in the housing market have continued to moderate due to the tightening of LVR restrictions in October 2016, a more general firming of bank lending standards and an increase in mortgage interest rates in early 2017.\u201d<\/p>\n\n\n\n<p>\u201cHousing market policies announced by the Government are also expected to have a dampening effect on the housing market.\u201d<\/p>\n\n\n\n<p>\u201cIn light of these developments, the Reserve Bank is undertaking a modest easing of the LVR restrictions. From 1 January 2018, the LVR restrictions will require that:<\/p>\n\n\n\n<ul><li>No more than 15 percent (currently 10 percent) of each bank\u2019s new mortgage lending to owner occupiers can be at LVRs of more than 80 percent.<\/li><li>No more than 5 percent of each bank\u2019s new mortgage lending to residential property investors can be at LVRs of more than 65 percent (currently 60 percent).<\/li><\/ul>\n\n\n\n<p>Read the full statement here:\u00a0<a href=\"https:\/\/www.rbnz.govt.nz\/news\/2017\/11\/reserve-bank-to-ease-lvr-restrictions\" target=\"_blank\" rel=\"noopener\" title=\"\">https:\/\/www.rbnz.govt.nz\/news\/2017\/11\/reserve-bank-to-ease-lvr-restrictions<\/a><\/p>\n\n\n\n<p style=\"text-transform:lowercase\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The opportunity for first home buyers to get onto the property ladder will likely get easier in 2018.<\/p>\n","protected":false},"author":1,"featured_media":5183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[27],"tags":[],"_links":{"self":[{"href":"https:\/\/avanda.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/5161"}],"collection":[{"href":"https:\/\/avanda.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/avanda.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/avanda.co.nz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/avanda.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5161"}],"version-history":[{"count":2,"href":"https:\/\/avanda.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/5161\/revisions"}],"predecessor-version":[{"id":5184,"href":"https:\/\/avanda.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/5161\/revisions\/5184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/avanda.co.nz\/index.php?rest_route=\/wp\/v2\/media\/5183"}],"wp:attachment":[{"href":"https:\/\/avanda.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/avanda.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/avanda.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}