Reserve Bank property investor lending restrictions explainedMaksym Yemelyanov 123RF The homeloan lending changes are aimed mainly at property investors, but first-home buyers will also see changes. Earlier this month, Reserve Bank deputy governor gave a speech on the matter but didn't seem in a great hurry to actually do anything. Hopefully - that's what the Reserve Bank will be thinking anyway. It's aimed firmly at property investors, at stopping people from buying multiple rental properties. That said, while the Reserve Bank has said for months that it might bring in more so-called speed limits for borrowers, this one does seem to have arrived in a rush.

Source: Stuff July 19, 2016 02:53 UTC