Hawke's Bay's burgeoning housing market could receive another boost in the form of new LVR limits.
The announcement of the new limits comes as the median price of a Hawke's Bay property is more than $30,000 higher than last year, figures show.
The Reserve Bank intends in October to introduce new loan-to-value ratio (LVR) limits on lending to property investors in the Auckland Council area that would require those borrowers to have at least a 30 per cent deposit, it said in its six-monthly financial stability report.
The limits are aimed at taking the heat out of the property market in the country's biggest city, which the central bank sees as a key risk to the nation's financial system.
Trevor Kitchin, TelferYoung property valuer and chairman of the Hawke's Bay branch of the Property Institute of New Zealand, said the LVRs were a positive sign for the regions.