New lending rules ‘speed bump’ to regional recovery

Resort areas such as Queenstown could be impacted by changes to lending rules. (Image: BusinessDesk)

Thu, 18 Jan 2024

The Reserve Bank of New Zealand says its latest curbs to lending won’t have much initial bite, but economists believe it could be a different story in pricier regions.The Reserve Bank of NZ (RBNZ) is set to roll out debt-to-income ratio (DTI) speed limits by mid-year, intended as an additional measure to protect lenders by limiting mortgages to those with higher DTIs.The general frame for the policy was announced last April, and while the debt-to-household annual income ratio has yet to be set, there is consensus by property economists th...

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Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

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