Owner-occupier debt-to-income ratios trending down

Mon, 12 Aug 2019

By Jenny Ruth Aug. 12 (BusinessDesk) - The number of mortgage borrowers with debt-to-income ratios greater than five has fallen to 31 percent in June from 37 percent two years earlier, according to new data the Reserve Bank is collecting. A slightly higher percentage, 33 percent, of first-home buyers had DTIs above five times while almost half of first-home buyers in Auckland had DTIs above five – first-home buyers most commonly borrow between four and five times the size of their income. The measure used is income before tax. The Rese...

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