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28 Jan 2022 11:52
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  •   Home > News > Politics

    Suggestions that home ownership is beyond the reach for many

    Suggestions that home ownership is beyond the reach for many


    BNZ is introducing a six time debt-to-income ratio ... meaning the average 800-thousand dollar loan, would require an income of around 130-thousand dollars to gain approval.

    National's Housing spokesperson Nicola Willis says combined with soaring house prices, things are going from bad to worse.

    She says the tougher lending restrictions is just another blow...and makes getting into a first home similar to climbing an incredibly steep mountain.

    © 2022 Newstalk ZB, NZCity

     Other Politics News
     28 Jan: National MPs need to focus on their portfolios and big issues - rather than themselves
     27 Jan: There's hopes Wellington City Council can put better checks and balances in place after an error left them short of three million dollars
     27 Jan: Dairy farmers are being urged to get ready for Omicron
     27 Jan: The search for a new boss to take charge of the Let's Get Wellington Moving project is still going ... 10 months on
     26 Jan: Labour councillor Efeso Collins has confirmed he's standing for the Auckland mayoralty
     26 Jan: The Director-General of Health says Maori input has fed into the three-phase Omicron plan
     26 Jan: Metropolitan Police confirms it is investigating events held at Downing Street during lockdown
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