'You'll Own Nothing And Be Happy' - RBNZ
New Zealand house prices are up 20% in 2020, and the Reserve Bank of New Zealand (RBNZ) are increasing the LVR to slow the climb.
There's more to this story though...
The Reserve Bank of New Zealand are putting in place more stringent loan-to-value ratio (LVR) restrictions to reduce the risks to financial stability caused by high-risk mortgage lending
Wow, great work guys.
These central banks always look out for our interests you know... but why are they doing it now?
The REINZ report that median house prices increased across New Zealand