Data released by the Reserve Bank of New Zealand (RBNZ) has shown that the RBNZ’s planned changes to its loan-to-value ratio (LVR) macro-prudential controls, which take effect on 1 October, could have a major impact on New Zealand investor mortgage lending.
Under the announced changes, residential property investors in the Auckland Council area would be required to have a deposit of at least 30% when accessing a bank loan.
