Early days yet
The state of the housing market, and the new restrictions on high loan-to-value ratio (LVR) lending, were a consistent theme last week. The Reserve Bank gave its first formal assessment of the restrictions in its six-monthly Financial Stability Report; supplemented with other data released over the week, the general impression is that at this early stage they are playing out much as we expected.
Read the full report: Market Research
Westpac