Articles tagged Debt to income ratios

Much of Parliament and the Beehive were focused yesterday on the Auditor General's report on Murray McCully and the Saudi Sheep deal. It found no evidence of corruption, but criticised the "significant shortcomings" in the deal and a lack of transparency, which it said the public was right to be concerned about and had yet to be resolved.

The role of rental property investors was firmly in the cross-hairs of the Reserve Bank when it targeted them with its second round of Loan to Value Ratio rules last November, but it only slowed them down for a few months and they are now back with vengeance. They are set to again be the target of debt to income multiple limits that the Reserve Bank is now considering.