ABC Report APRA tightens home loan rules as New Zealand’s Reserve Bank lifts interest rates

LOOKS like APRA is doing its bit …

‘The increase in the interest rate buffer applies to all new borrowers, but
APRA said the impact of a higher serviceability buffer is likely to be larger
for investors than owner-occupiers.

It said this is because, on average, investors tend to borrow at higher levels
of leverage and may have other existing debts (to which the buffer would
also be applied).

It noted that first home buyers tend to be under-represented as a share of
borrowers borrowing a high multiple of their income as they tend to be more
constrained by the size of their deposit.‘

COMMUNITY ACTION ALLIANCE FOR NSW (CAAN): HOUSING INEQUALITY WITH AUSSIES LOCKED OUT!

WHY? Bad government policy to benefit Big End of Town

ABC Report APRA tightens home loan rules as New Zealand’s Reserve Bank lifts interest rates

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