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"Hold fire" on debt-to-income limits: real estate boss

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NZ Adviser | 26 Oct 2016, 04:05 p.m. Agree 0
The head of Century 21 New Zealand heeds a warning to Wellington’s decision-makers on giving the Reserve Bank the green light to introduce loan-to-income restrictions.
  • Jeff Royle | 26 Oct 2016, 04:20 p.m. Agree 1
    DTI would not work any more than the current LVR restrictions have because demand is not the issue, it's supply. In Auckland for example there is a current shortage of 40,000 homes and this is growing by 1100 a month. Building consents are running at 600 a month so it's simple economics. Build more property!
  • | 26 Oct 2016, 04:34 p.m. Agree 0
    Can I smell a little self interest wafting from the real estate industry?
  • Richard Gerard | 26 Oct 2016, 04:36 p.m. Agree 0
    How can demand not be an issue? It's illogical to say that. The only reason we need to supply more houses is because there is demand for them. The two go hand in hand.
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