ZT：Loans door shutting on first-home buyers

NewLynnHse

http://www.stuff.co.nz/national/8921877/Loans-door-shutting-on-first-home-buyers

One in every two to three first-home buyers could be shut out of the housing market as the Reserve Bank forges ahead with controversial restrictions on home loans.

Banking sources say the central bank will announce new rules within the week that will rein in riskier mortgage lending to 12 per cent of new loans.

The changes will dramatically reduce the amount of high loan-to-value (LVR) loans that the banks are writing, making it much harder to get a mortgage with a deposit of less than 20 per cent.

In theory, the new regime could strip close to $2 billion out of the loan market in a year, equal to more than 4000 homes at average prices.

Prime Minister John Key's attempt to pressure the Reserve Bank to "carve out" an exemption for first-home buyers appears to have failed.

The sources said tensions between the parties had run high as governor Graeme Wheeler refused to water down the policy tool.

"My understanding is that all the efforts of Government to slow them down on the decision have not been successful," they said.

Labour's housing spokesman Phil Twyford said Key's "crocodile tears" were not good enough. "The very people that they claimed to be wanting to protect are the victims of this policy."

Mr Twyford said prices were spiralling out of the reach of first-home buyers.

Lending limits would prevent poorer families becoming homeowners.

"It advantages property investors and locks out first-home buyers," he said.

Bankers' Association chief executive Kirk Hope said the rules would have "perverse consequences" and lock buyers out of the market.

About 70 per cent of first-home buyers got their foot in the door with a deposit of less than 20 per cent, he said.

The Reserve Bank, which is committed to financial stability, is worried that as much as 30 per cent of the banks' new mortgage lending is high risk.

That is much higher than the historical average of roughly 20 per cent, and could leave home-owners in serious trouble if house prices fall suddenly.

Limits on LVRs were announced in the Budget as part of a commitment to housing affordability.

However, the policy may have backfired.

The new rules will leave the Government scrambling to find other ways to avoid a further squeeze on first-home buyers.

Those are expected to include boosting supply, through fast-tracked "greenfields" new developments, and allowing higher thresholds for access to Welcome Home Loans.

Ministers are also considering allowing those in KiwiSaver to withdraw more of their savings to use as a deposit.

NewLynnHse

Here's how much you will need to save for a house deposit around the regions:

WELLINGTON
Average house price: $525,245
20 per cent deposit: $105,049

KAPITI COAST
Average house price: $363,142
20 per cent deposit: $72,628

PORIRUA
Average house price: $377,29
20 per cent deposit: $75,458

UPPER HUTT
Average house price: $334,336
20 per cent deposit: $66,867

LOWER HUTT
Average house price: $367,696
20 per cent deposit: $73,539

TAUPO DISTRICT
Average house price: $347,876
20 per cent deposit: $69,575

HASTINGS DISTRICT
Average house price: $299,270
20 per cent deposit: $59,854

NAPIER
Average house price: $324,102
20 per cent deposit: $64,820

PALMERSTON NORTH
Average house price: $285,693
20 per cent deposit: $57,138

MASTERTON DISTRICT
Average house price: $237,345
20 per cent deposit: $47,469

NewLynnHse

为什么不出台针对投资房子的政策？

阿海

2010年已经出了政策取消building depreciation了。

这次估计会limit所有投资房首付必须超过20%吧。

基本上对付那些90%贷款买投资房的新手，但老手反而更爽了。

NewLynnHse

阿海 发表于 2013-7-16 09:09
2010年已经出了政策取消building depreciation了。

这次估计会limit所有投资房首付必须超过20%吧。

the rich get richer

rockfield

NewLynnHse 发表于 2013-7-16 09:16
the rich get richer

是啊, 这样那些年轻白人就更买不起房, 政府这是什么逻辑???

John.G

NewLynnHse 发表于 2013-7-16 08:58
为什么不出台针对投资房子的政策？

+1..... 政府不是在找骂骂。。。。
小心民变啊。。。。

阿海

John Key竞选前绝对会出来“英雄救美”的。

假装多好

NewLynnHse 发表于 2013-7-16 09:16
the rich get richer

真理

nzica

其实房产买家就象个梯子，FIRST ＨＯＭＥ　ＢＵＹＥＲ　是最下面的几级，其它的要么是买投资房，要么是换房。我担心多少还是对房价有点小影响。但是这种杀敌１０００，自损８００的做法得罪的是大部分的年轻ＫＩＷＩ，有点愚蠢。

bungyjumping999

John key might do something before election.... but it is auckland thing, it is difficult to change policy affecting just auckland and punishing the rest of the country. He will have to do some serious thinking.

lxoo

rockfield 发表于 2013-7-16 09:18
是啊, 这样那些年轻白人就更买不起房, 政府这是什么逻辑???

国家党不在乎是白人还是黑人买不起房，只要房价越来越高就可以了，至于买房的是什么人，他们不在乎。这和咱们那"不管白猫黑猫，能抓住老鼠的就是好猫“是走同一条道的。

没办法，资本家，就是这个样子。

lxoo

nzica 发表于 2013-7-16 11:04
其实房产买家就象个梯子，FIRST ＨＯＭＥ　ＢＵＹＥＲ　是最下面的几级，其它的要么是买投资房，要么是换房 ...

得罪年轻KIWI怕什么，他们除了选票一张其他什么也没有，当然不如海外大批投资客手里的票子管用，把这些资金先吸引进纽西兰，政客的房子该卖的赶紧卖了，地种了这么久，也该收割了，能选就选不能选上大不了把个烂摊子留给下一届工党，等市场低迷了再来抄底

这也没有什么可说的，都是选民选出来的，选民反正没脑子没记性，不被剥削得光溜溜的，也想不起来去选工党。

bigwater

强烈要求开征贷款税，加个1%，好比利息上调1%一样，又不会影响汇率，贷的越多交的越多，就和利息税一样，银行代收，这样房价就下来了。

BIGBIGGary

阿海 发表于 2013-7-16 09:09
2010年已经出了政策取消building depreciation了。

这次估计会limit所有投资房首付必须超过20%吧。

请问阿海，老手买投资房不是也是要贷款吗？那为什么对他们影响就比较小呢。谢谢

阿海

BIGBIGGary 发表于 2013-7-19 07:25
请问阿海，老手买投资房不是也是要贷款吗？那为什么对他们影响就比较小呢。谢谢

假如银行每个月能贷款出去100个亿，其中20个亿（20%）是提供给这些高贷款80%以上贷款的第一次买自住或投资的。

那新政策出来了，这些10%的买家就拿不到贷款了，所以这20%的贷款将被剩下的投资者分享。

你说老手不就更好贷款了？

剑客浪心

阿海 发表于 2013-7-19 09:18
假如银行每个月能贷款出去100个亿，其中20个亿（20%）是提供给这些高贷款80%以上贷款的第一次买自住或投资 ...

这样是把羊群圈起来保护住了，让狼杀狼，不好不好。。。

阿海

剑客浪心 发表于 2013-7-19 09:19
这样是把羊群圈起来保护住了，让狼杀狼，不好不好。。。

羊还是很多的