LVR restrictions were reintroduced in March 2021 and tightened further for investors in May 2021, and then owner-occupiers in November 2021. Lessons Learnt from Our Experience So that is a brief history of our experience of using macro-prudential tools over a period of a little less than a decade.
A key general point that I would like to leave you with is that making decisions about macroprudential settings has not been straightforward or easy in any sense. We have reviewed our LVR settings on average every six months over this period.