The latest in the Home loan space

Above 80% LVR Lending

It is widely known that in October 2013 the Reserve Bank Governor (Graeme Wheeler) introduced restrictions on Banks mortgage lending over 80% of the LVR (loan to valuation ratio).

Graemeā€™s motivation was to cool the housing market due to house price inflationary stimuli and recent commentary suggests the strategy has largely worked. However it has come at a cost to first home buyers but benefitted the property investor (probably not what the Governor wanted).

 

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