John Key potentially backs debt-to-income restrictions

  • Prime Minister John Key says he “potentially” supports income-related restrictions on mortgage lending.

Mr Key said increasing supply was still the main issue to dampen the “overheated” Auckland property market, but the Reserve Bank had some options to address the demand side.

Investors account for about 46 per cent of property transactions in Auckland.

READ MORE VIA NZHERALD

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Prime Minister John Key has resisted calling the Auckland housing situation a “crisis”. Photo / Getty Images

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