"Another example is in NZ where the central bank there has increased the LVR to help reduce property speculation while rates are low."
that worked a treat....
National median price rose $33,000 to $415,000 (8.6%) compared to February 2013 and up $13,000 or 3.2% compared to January 2014 Waikato/Bay of Plenty, Hawkes Bay and Canterbury/Westland all reached a new high median prices The Auckland House Price Index reached a new record high and is up 16.9% on February 2013
