Finance Minister Grant Robertson says it would make sense to remove large deposit requirements on home buyers, as his government is cracking down on speculation in other ways.
The Reserve Bank will release its six-monthly update on the state of the banking system on Wednesday morning, in which it is expected to set criteria for the removal of its loan-to-value ratios (LVRs).
LVRs were introduced in 2013 to cool the rapidly rising housing market. They require most people applying for a home loan to stump up a deposit of at least 20 per cent.
​The move has been criticised for making it harder for first-home-buyers to get onto the ladder.
from
http://www.stuff.co.nz/business/99316028/Finance-Minister-Grant-Robertson-keen-to-see-end-to-Reserve-Banks-brakes-on-housing
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