The Reserve Bank is looking to make it easier for potential home buyers to get into the market.

They're proposing changes to the loan to value restrictions, which currently mean banks can only give 10 percent of new loans to borrowers with deposits under 20 percent.

They want to up that to 15 percent at the beginning of June.

Bayleys Real Estate Agent, Karen Asquith told Mike Hosking anything that encourages market activity is positive.

She says now is a good time for buyers to be looking, with changes easing first home buyers and investors into the market.

LISTEN ABOVE

The Reserve Bank is looking to make it easier for potential home buyers to get into the market.
They're proposing changes to the loan to value restrictions, which currently mean banks can only give 10 percent of new loans to borrowers with deposits under 20 percent.
They want to up that to 15 percent at the beginning of June.
Bayleys Real Estate Agent, Karen Asquith told Mike Hosking anything that encourages market activity is positive.
She says now is a good time for buyers to be looking, with changes easing first home buyers and investors into the market.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.