The Reserve Bank released a review of its loan:value ratio (LVR) policy for residential lending yesterday, but hasn’t made a recommendation on ending or changing the policy.
I found much of the review commentary from the Reserve Bank & Treasury either wishy-washy or sliding off topic, when I wanted to pinpoint a purpose, a direction, clear options and a reason for choosing one path over another.
Reserve Bank governor Adrian Orr said today the bank would ease its loan:value ratio (LVR) restrictions on banks’ new mortgage loans from 1 January.
Banks will be subject to restrictions on high loan:value ratio (LVR) housing mortgage loans from 1 October. Reserve Bank Governor Graeme Wheeler announced the measure…