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ANZ NZ CEO wants investor LVRs at 40%

Discussion in 'Property Finance' started by learner, 31st Jul, 2016.

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  1. learner

    learner New Member

    Joined:
    31st Jul, 2016
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    Australia
    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.
     
    Whitecat likes this.
  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
     
  3. Terry_w

    Terry_w Solicitor, Finance Broker, CTA 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.