News | Business
28 Sep 2021 13:44
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Doubts the Reserve Bank's tightening of lending ratios will constrain ballooning house prices

    Doubts the Reserve Bank's tightening of lending ratios will constrain ballooning house prices


    The Government's given the bank the green-light to reduce the number of buyers borrowing huge sums of money for mortgages.

    It clears the way for the Reserve Bank to develop a new debt-to-income restriction, so long as it avoids hitting first home buyers.

    New rules restricting risky lending could be in place from October.

    Infometrics principal economist Brad Olsen says this change won't making housing cheaper or more accessible any time soon.

    He says it is instead designed to ensure the lending system remains viable long-term.

    © 2021 Newstalk ZB, NZCity

     Other Business News
     28 Sep: The South Island's regional growth has knocked the North Island off top spot
     28 Sep: Exporters are eager and ready to sign up to the Government's self-isolation pilot
     28 Sep: Calls for the Government to provide more support to the events industry
     28 Sep: New Zealand's residential real estate resilience means big price jumps in all major centres
     27 Sep: Five Canterbury liquor stores are closing because of worker exploitation
     27 Sep: Thousands of British fuel stations have run dry, as motorists scramble to fill up amid a supply disruption due to a shortage of truck drivers
     27 Sep: Dunedin's loss - is Auckland's gain
     Top Stories

    RUGBY RUGBY
    That was back in 2010 when driver Ricky May guided Monkey King to a second Trotting Cup ... fast forward 11 years and there's a real prospect there'll be no roar of the crowd on Cup Day in November More...


    BUSINESS BUSINESS
    The South Island's regional growth has knocked the North Island off top spot More...



     Today's News

    Rugby:
    That was back in 2010 when driver Ricky May guided Monkey King to a second Trotting Cup ... fast forward 11 years and there's a real prospect there'll be no roar of the crowd on Cup Day in November 13:25

    Entertainment:
    Madonna has paid a sweet tribute to her son David Banda on his 16th birthday 13:23

    Accident and Emergency:
    The death of a man found with serious injuries in a vehicle in the Far North last night is now considered suspicious 13:15

    International:
    R Kelly, R&B superstar, facing decades behind bars after being convicted in New York sex trafficking trial 12:55

    Entertainment:
    Prince William and David Attenborough will present a new TV show about climate change 12:53

    Law and Order:
    Wairarapa Police are keen to hear from anyone who may've recently been robbed 12:25

    Entertainment:
    Harry Styles is planning to release a new surprise album 12:23

    Law and Order:
    The police watchdog has found an officer used excessive force removing a man from a patrol car in Waihi 11:55

    Entertainment:
    Tom Cruise and Hayley Atwell have split 11:53

    Education:
    UK contaminated blood scandal: Schoolboy survivors say they were 'injected with death' 11:25


     News Search






    Power Search


    © 2021 New Zealand City Ltd