Reserve Bank, John Key eye income cap on buyers

  • A typical household would be blocked from getting a mortgage of more than $405,000 under income-related lending restrictions being considered by the Reserve Bank.

As house prices begin to rise again, the Government is refusing to rule out debt-to-income limits as a potential response to cool the housing market and prevent “a bubble emerging”

READ MORE VIA NZHERALD

Income Gap

A typical household would be blocked from getting a mortgage of more than $405,000 under income-related lending restrictions being considered by the Reserve Bank. Photo / Michael Craig