Viewing entries tagged with 'debt'

MPs sceptical about debt-to-income restrictions

13 February 2017 The RBNZ was late to the debt-to-income limit party which is why this tool won't be added to its macro-prudential toolkit anytime soon, Gareth Vaughan argues.  More>

Finance minister calls for cost-benefit anaysis of DTIs

10 February 2017 Finance Minister Steven Joyce wants the Reserve Bank to conduct a full "cost benefit analysis" on its plan for debt-to-income ratios (DTIs) as well as public consultation before he will consider use of DTIs. More>

ANZ's Hisco on apartments, LVRs and more

7 November 2016

Hisco comments on the volume of Auckland apartment developments falling over, the Reserve Bank's new LVR restrictions and the regulator's plan for debt-to-income ratio restrictions. More>

Treasury has put New Zealand's rising household indebtedness under the microscope

5 October 2016

Treasury is expressing relative comfort with sharp rises in debt that have seen New Zealand's household indebtedness reach record levels - but says there are risks around the more recent decline in savings. And it has an Auckland-specific warning about rising debt levels of new housing entrants. More> 

New LVR rules expected to slow housing debt, which is growing at its fastest pace in more than eight years

3 October 2016

The level of housing debt taken on by Kiwis is growing at its fastest pace in more than eight years. New Zealanders' housing debt swelled by almost $2 billion in August - a 9.2% increase from August last year - according to the Reserve Bank’s monthly sector credit figures. More> 

Kiwis 'drowning in housing debt', Labour says after Statistics NZ figures

30 September 2016

Older Kiwis owe more for second properties than for their own homes, revealing a generational gap on housing debts. Labour says the new figures, which reveal real estate loans make up 87 per cent of Kiwis' debts, show many are "mortgaging themselves to the hilt". More> 

Kiwis' debt pile now exceeds annual disposable income by nearly $100 billion

13 September 2016

David Hargreaves: Kiwis continue to get into hock on their houses at record levels, new quarterly household financial statistics from the Reserve Bank show. More>