After success, RBNZ to ease investor LVR restrictions

Wednesday 29 November 2017

The RBNZ has released several pieces of data suggesting that the RBNZ’s recent loan-to-value ratio restrictions have been successful in cooling mortgage demand amid record population growth.

As shown in the next chart, New Zealand household borrowing continued to retrace sharply, recording annual growth of 6.5% in September:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.