The Reserve Bank is concerned house price growth is putting recent buyers at risk
The Reserve Bank is concerned house price growth is putting recent buyers at risk
3 November 2021
It's released its half yearly financial stability report, on the system's efficiency.
Governor Adrian Orr says they are concerned home buyers are borrowing more than they should, relative to incomes.
He says they will be the most vulnerable to changing interest rates or house prices.
Earlier this week tougher measures were introduced, with banks now only able to lend 10 percent of new loans to owner-occupiers with deposits of less than 20 percent.
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