Former Reserve Bank Governor Graeme Wheeler said LVR restrictions would be good for first-home buyers in the long run - and he might have been right. After all, the Reserve Bank had previously rejected them for being too intrusive. First-home buyers get the lion's shareLVRs were tough on first-home buyers to begin with, but the picture looks a lot brighter these days. The LVR rules are of dubious benefit, but the Reserve Bank's refusal to remove them probably doesn't make all that much difference. Former RBNZ Governor Graeme Wheeler used to say the LVR restrictions would be good for first-home buyers in the long run.

Source: Stuff December 08, 2019 04:52 UTC