22 Apr 2020

Coronavirus: Reserve Bank looking to lift limits on home loans

From Morning Report, 8:44 am on 22 April 2020

The Reserve Bank is looking at removing the limits on home loans to low-deposit borrowers to help counter the economic downturn.

Deputy governor Geoff Bascand says loan-to-value ratios were designed to cool a surging housing market, but that has changed.

The Property Investors Federation says removing LVRs would be good news for both first-home buyers, and investors, but some property market analysts doubt much will change.

Bindi Norwell is the chief executive of the Real Estate Institute.