The new commentator at Dad’s Army, Miranda Maxwell, takes on macroprudential todayand gives it a panning:
New Zealand’s experience with home loan limits is a cautionary tale.
There, loan-to-value ratio ‘speed limits’ were introduced in October 2013 and dictate that banks limit residential mortgage lending at a LVR greater than 80 per cent to no more than 10 per cent of the dollar value of their new housing lending flows.
