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Could the RBA cap LVRs?

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Australian Broker | 24 Mar 2014, 07:00 AM Agree 0
The RBA is considering using macroprudential tools to help manage the housing market
  • Steve M | 24 Mar 2014, 09:28 AM Agree 0
    That's one way to save on LMI! With top up personal loans rife in the new home market, many LVR's are understated anyway.
    When is someone in this forum going to investigate how these $3k deposit finance products actually work!!
  • Harry Myers | 24 Mar 2014, 10:02 AM Agree 0
    And the outcome in NZ has been less first home buyers getting into the market, an increase in rents as tenants have their options limited, a reduction in sales prices for vendors and fall off in activity across the board. Those low deposit buyers with enough income have just gone out and borrowed the shortfall in deposits or family have done it for them. The govt has been fiddling with housing for nearly 50 years now and the nett result being that they just make it more expensive no matter what they do.
  • James | 24 Mar 2014, 10:11 AM Agree 0
    Or they could reform the LMI rules..... The premiums are obscene and the percentage that is paid out is minimal. The LMI handcuff is far worse than the media ever acknowledges.
  • Baaa | 27 Mar 2014, 12:33 PM Agree 0
    Such tightening will further lock out Australian buyers from our own property market and reduce local competition at auctions for foreign buyers. No one asks or cares where the foreign buyers got their cash from, or how they got it into the country. Prime Australian property is up for sale....but Australians need not apply.
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