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6 Dec 2020 6:49
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  •   Home > News > Business

    The long weekend has seen an unexpected frenzy of new house buyers and investors, since LVRs came off earlier last year

    The long weekend has seen an unexpected frenzy of new house buyers and investors, since LVRs came off earlier last year


    But the Reserve Bank is mulling over their re-introduction, with prices expected to rise by up to 12 percent by next June.

    Owner of Century 21 Derryn Mayne says scrapping LVRs has enabled more young Kiwis to buy their first homes.

    She says some first home buyers could be taken out of the market for years, if high deposits are added back in.

    © 2020 Newstalk ZB, NZCity


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     05 Dec: Fonterra farmers are grateful for an extra 20 thousand dollars coming their way when milk markets are so precarious
     04 Dec: New Zealand's biggest homeware store Nido has collapsed into receivership
     04 Dec: Fonterra farmers will share an extra 300 million dollars from a lifted milk price...thanks to strong demand from China
     04 Dec: Buying local could spread Christmas cheer a little further in the capital this year
     04 Dec: Fonterra is waiting on regulators to clear the sale of its Chinese farms
     04 Dec: A Christchurch shopper is urging people to check their bank statements after being overcharged five-fold
     Top Stories

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    The kaumatua of the Maori All Blacks squad is making his presence felt ahead of tonight's match with Moana Pasifika More...


    BUSINESS BUSINESS
    Lotto players in Tairua, Lower Hutt and Wellington share tonight's $1 million Lotto Division One prize money More...



     Today's News

    Health & Safety:
    The UK's National Health Service staff are working through the weekend to prepare for the launch of the country's COVID-19 vaccination program, with the first inoculations taking place from Tuesday 6:26

    Auckland:
    The large fire in an Auckland church is now out 21:57

    Law and Order:
    Two people are in custody after reports of a firearm in a vehicle on Auckland's Southern Motorway 21:57

    Business:
    Lotto players in Tairua, Lower Hutt and Wellington share tonight's $1 million Lotto Division One prize money 21:17

    International:
    Garment workers for Adidas, Nike and H&M among those going hungry due to coronavirus pandemic, survey finds 19:07

    Accident and Emergency:
    The Clinton Highway, near Waiwera South, east of Gore has been closed after a serious two-car crash 18:37

    Golf:
    Auckland have claimed a fifth straight women's inter-provincial golf championship after humbling Canterbury five-nil in the championship final 18:07

    Accident and Emergency:
    One person's dead following a serious crash earlier today on State Highway 2, at Otoko, near Gisborne 17:27

    Rugby:
    The kaumatua of the Maori All Blacks squad is making his presence felt ahead of tonight's match with Moana Pasifika 16:57

    Living & Travel:
    Animal rights organisation SAFE has launched a petition demanding an end to the worst aspects of rodeo 16:17


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