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26 Jan 2022 23:25
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  •   Home > News > Politics

    Suggestions that home ownership is beyond the reach for many

    Suggestions that home ownership is beyond the reach for many


    BNZ is introducing a six time debt-to-income ratio ... meaning the average 800-thousand dollar loan, would require an income of around 130-thousand dollars to gain approval.

    National's Housing spokesperson Nicola Willis says combined with soaring house prices, things are going from bad to worse.

    She says the tougher lending restrictions is just another blow...and makes getting into a first home similar to climbing an incredibly steep mountain.

    © 2022 Newstalk ZB, NZCity

     Other Politics News
     26 Jan: Labour councillor Efeso Collins has confirmed he's standing for the Auckland mayoralty
     26 Jan: The Director-General of Health says Maori input has fed into the three-phase Omicron plan
     26 Jan: Metropolitan Police confirms it is investigating events held at Downing Street during lockdown
     26 Jan: Azeem Rafiq criticises Middlesex chairman's comments on lack of diversity in cricket
     26 Jan: UK police have opened an investigation into possible lockdown breaches at Downing Street
     26 Jan: Things are looking no rosier for people trying to get on the property ladder
     25 Jan: Jacinda Ardern won't ditch isolation measures if Omicron becomes more widespread
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