Reserve Bank digs deeper into mortgage debt
Will the bank be given a debt-to-income tool to manage household debt?
Brent Edwards
Mon, 12 Aug 2019
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Summer features
New Reserve Bank data confirms the proportion of households with high debt-to-income ratios has fallen in the past two years.
In June 2017 37% of all owner-occupiers with mortgages had debt more than five times their household income. By June this year that had fallen to 31%.
The new data
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Brent Edwards
Mon, 12 Aug 2019
Contact the Writer: brent@nbr.co.nz
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Reserve Bank digs deeper into mortgage debt
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