ANZ NZ CEO wants investor LVRs at 40%

Discussion in 'Loans & Mortgage Brokers' started by learner, 31st Jul, 2016.

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  1. learner

    learner Active Member

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    31st Jul, 2016
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    Hi,

    Last week the ANZ CEO of New Zealand, David Hisco, wrote an article saying he wants heavily increased LVR limits for property investors (David Hisco: Housing and NZ dollar over-cooked - Business - NZ Herald News). I find this highly surprising coming from a bank!

    Do you think ANZ is likely to advocate for such a policy in Australia, or will it be limited to New Zealand? Why?

    I appreciate any thoughts.
     
    learner, 31st Jul, 2016
    #1
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  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    ANZ NZ is NZ.................. catering to a local market

    ta
    rolf
     
    Rolf Latham, 31st Jul, 2016
    #2
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    The NZ market is much smaller than Australia. There is no stamp duty (I think) and no CGT so it is relatively easy to get into property there. that could be pushing up prices.
     
    Terry_w, 1st Aug, 2016
    #3