First home buyers and the LVR show signs of decline
Posted on March 3rd, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
A loan-to-value ratio (LVR) is a measure of how much a bank lends against residential property, compared to the value of that property. Borrowers with LVRs of more than 80 percent (less than 20 percent deposit) are often stretching their financial resources. They are more vulnerable to an economic or financial shock, such as a […]
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