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Housing boom could get worse, economist warns – Stuff.co.nz

Economists are calling on the Reserve Bank of New Zealand to reinstate lending restrictions, warning the housing market is spiralling out of control.

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This story was originally published onRNZ.co.nz and is republished with permission.
Economists are calling on the Reserve Bank of New Zealand to reinstate lending restrictions, warning the housing market is spiralling out of control.
In May, the Reserve Bank temporarily removed loan to value ratio (LVR) restrictions, freeing banks to sell mortgages to buyers with small deposits.
Since June, lending to investors has tripled and last month banks lent out more than $7.3 billion to house buyers -…

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