1 Mar 2021

LVR rules back but industry skeptical it will cool the market

From Morning Report, 7:54 am on 1 March 2021

The Reserve Bank's restrictions on home loans kick in from today but those in the industry don't believe it will do much to cool the market.

Loan to Value ratios were temporarily lifted in the wake of Covid-19, but a runaway housing market has forced the Reserve Bank to reintroduce them.

Some buyers have been rushing to get their mortgage applications in, to beat the changes.

Housing Reporter Eva Corlett with this story.