The next rules for Auckland housing – loan to income ratios?
"First home buyers are better off out of the market"
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The Treasury is advocating the Reserve Bank introduce loan to income ratios for buyers of Auckland property.
The Reserve Bank has already introduced loan-to-house value ratios that are arguably mainly aimed at preserving the position of banks in the event of a price correction.
The proposed
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Chris Hutching
Thu, 29 Oct 2015
Thu, 29 Oct 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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The next rules for Auckland housing – loan to income ratios?
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