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28 Nov 2020 8:30
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  •   Home > News > Business

    The long weekend has seen an unexpected frenzy of new house buyers and investors, since LVRs came off earlier last year

    The long weekend has seen an unexpected frenzy of new house buyers and investors, since LVRs came off earlier last year


    But the Reserve Bank is mulling over their re-introduction, with prices expected to rise by up to 12 percent by next June.

    Owner of Century 21 Derryn Mayne says scrapping LVRs has enabled more young Kiwis to buy their first homes.

    She says some first home buyers could be taken out of the market for years, if high deposits are added back in.

    © 2020 Newstalk ZB, NZCity


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     Today's News

    Rugby:
    A sigh of relief from Hawke's Bay coach Mark Ozich at the conclusion of the Mitre 10 Cup Championship final 8:26

    Cricket:
    The West Indies are ruing poor a bowling performance in the opening twenty20 against the Black Caps in Auckland 8:16

    Rugby:
    Kiwi golfer Sam Jones is hopeful his misfiring swing can do enough for his team in today's men's Interprovincial golf Championships in Auckland 8:16

    Entertainment:
    Lorde is releasing a book about her trip to Antarctica 8:14

    Basketball:
    A big fourth quarter has propelled the Capital Swish to victory in the the National Basketball League 8:06

    Politics:
    As coronavirus cases flared up in some cities, China implemented a tough approach. But many worry the threat lies outside the country 8:06

    Business:
    This year's Black Friday sales are breaking the record books 8:06

    Environment:
    Researchers are hoping some Kaka birds that seemingly disappeared eventually resurface 8:06

    Living & Travel:
    A dog has stopped Formula One in its tracks during the second practice session ahead of the Bahrain grand prix 7:56

    Business:
    A new support initiative hopes to bridge the connection between hospitality workers and businesses 7:46


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