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Tenants will be hit harder by debt-to-income ratios

Tenants will be hit harder by debt-to-income ratios - investors © RNZ / Nate McKinnon Property investors say a debt-to-income ratio tool will limit the number of rental properties available. Finance Minister Grant Robertson has agreed in principle to let the Reserve Bank limit lending according to a person s income, rather than letting them leverage off the value of their existing assets. Robertson wants any upper limit to target the kind of borrowing terms typically only offered to investors - who often rely on existing assets, rather than income, to secure a mortgage to buy more property. Property Investors Federation chief executive Sharon Cullwick says this will have a deterrent effect on landlords wishing to buy.

Sharon cullwickGrant robertsonNate mckinnonProperty investor federationFinance minister grant robertsonReserve bankInvestor federationNorth shoreமானியம் ராபர்ட்சன்நேட் மகிநொந்ப்ராபர்டீ முதலீட்டாளர் கூட்டமைப்புநிதி அமைச்சர் மானியம் ராபர்ட்சன்இருப்பு வங்கிமுதலீட்டாளர் கூட்டமைப்புவடக்கு கரை

Pace of house price growth slowing in some market areas

Pace of house price growth slowing in some market areas © RNZ / Nate McKinnon The pace of house price growth is slowing at the top and bottom end of the market. Quotable Value s rolling three-month average to the end of May shows price growth for 25 percent of the cheapest and most expensive houses in major centres slowed to 1.7 percent from 3.5 and 3.4 percent respectively in April. The state-owned valuer said it was the first time price growth at the top and bottom of the market slowed this year, but it remained to be seen whether this was the start of a long-term trend or a blip that would bounce back in coming weeks and months.

New zealand generalNew zealandDavid nagelNate mckinnonWellington cityபுதியது ஜீலாந்து ஜநரல்புதியது ஜீலாந்துடேவிட் நாகல்நேட் மகிநொந்வெலிங்டன் நகரம்

Housing tax rules: Govt urged to delay bringing in new legislation

A tax expert says the law should come into force at the start of April next year - six months later than it is due to come into effect.

New zealandRachel piperNate mckinnonபுதியது ஜீலாந்துரேச்சல் பைபர்நேட் மகிநொந்

Nurses union and district health boards to negotiate pay and conditions again

The nurses' union and district health boards have confirmed they are heading back to the negotiating table following yesterday's mass strike.

New zealandJim greenDavid waiteNate mckinnonZealand nurses organisationபுதியது ஜீலாந்துஜிம் பச்சைடேவிட் காத்திருங்கள்நேட் மகிநொந்ஜீலாந்து செவிலியர்கள் ஆர்கநைஸேஶந்

Housing market: Risk of sharp correction rising

The risk of a sharp correction in the housing market is rising, with an explosion in supply likely to coincide with a fall in demand, BNZ economists warn.

New zealandNate mckinnonRadio new zealandபுதியது ஜீலாந்துநேட் மகிநொந்வானொலி புதியது ஜீலாந்து

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