New Zealand Labour Party

National’s housing failure keeps LVRs in place

The Reserve Bank’s decision to leave loan-to-value ratio mortgage restrictions in place is further confirmation of National’s housing policy fiasco, Labour’s Housing spokesperson Phil Twyford says.

“The Reserve Bank would have lifted LVRs if they had seen any increase in the supply of housing in Auckland.

“This is further bad news for young people looking to achieve the Kiwi dream of buying their own home, and for those in regional New Zealand who are being punished locally for the Government’s failure to fix the Auckland housing crisis,” Phil Twyford says.