New lending rules ‘speed bump’ to regional recovery

New lending rules ‘speed bump’ to regional recovery
Resort areas such as Queenstown could be impacted by changes to lending rules. (Image: BusinessDesk)
Brent Melville
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...

More Property

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Formcrete Construction owes $7.4m as liquidation unfolds
Property

Formcrete Construction owes $7.4m as liquidation unfolds

A large chunk of the debt is shareholder loans.

Riley Kennedy 03 Jul 2025