Bear with us, we are getting somewhere with this analogy. Just as the Stay Puft Marshmallow Man laid waste to New York City, sky-rocketing housing prices in Auckland are also dashing the dreams of first home buyers and everyday ma-and-pa investors. Buyers are literally fleeing the city, for real. 
In response, the Reserve Bank Governor Graeme Wheeler (our designated PriceBuster) is reported to be considering placing a LVR restriction on Auckland property buyers. Specifically, the restriction will require buyers to put down a bigger deposit than those who purchase outside of Auckland. The rationale is simple, the harder we make it for people to buy property, the slower prices will increase as demands diminish with the buyer pool.
Make sense?
Is Mr Wheeler’s proposal as awesome as the Bill Murray’s unlicensed nuclear packs? If implemented and enforced, will the LVR restriction literally be kicking arses in Auckland and taking names? How will property investors and home buyers REALLY be affected?
The APIA Elves weigh in
David Whitburn, APIA Head Elf
“The LVR restrictions will have the impact on making it harder for first home-owners and investors to buy properties in Auckland, as they will need to contribute more equity,...
