Property - Current Lending Restrictions

In 2016 the reserve bank introduced new loan LVR (loan to value ratio) restrictions.

In summary this means that:

For an owner-occupier residential property the LVR is set at 80% -
this means a 20% deposit will be required (with maximum 80% borrowing).

For residential property investors the LVR is set at 60% - meaning a 40% deposit will be required (maximum 60% borrowing and is generally the same for commercial property).

In some cases there may be exemptions for new builds and first home buyers.

While existing lending will generally be okay, if looking to top up a loan the new LVR rules are likely to apply.

Monday, 30th January 2017

"I was very pleased to have taken up David's offer of a business planning session.

The outcome was a clear set of business goals for growing Leisureline Clothing and the specific actions needed to achieve that growth.

All aspects of my business were covered in a practical and realistic manner, covering a number of areas including sales, marketing, financial requirements, operations and staff.

I now have an uncomplicated plan as a useful guide to preparing for the future and delivering growth.

Any business owner who takes the opportunity to use David's business planning skills is sure to get real benefit from it.

David's open sharing of knowledge combined with genuine and trustworthy personal service and support, sets him apart from the pack."

Graeme Dick
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