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20 Apr 2024 12:37
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  •   Home > News > Business

    The Finance Minister's adamant new lending rules won't hurt first home buyers

    The Finance Minister's adamant new lending rules won't hurt first home buyers


    Grant Robertson this morning agreed to the Reserve Bank's plans on how it can crackdown on risky lending.

    It means there'll be less lending to those wanting to borrow incredibly large amounts of money to buy houses.

    The Reserve Bank's also been given the nod to look into debt-to-income measures and interest rate floors.

    But a key part of theagreement is making sure first home buyers aren't hit too hard.

    Robertson says there's no silver bullet when it comes to fixing housing issues - but it's important the Government gives the bank the opportunity to do this.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Environment:
    Heavy rain's expected across the top of the North Island today 12:27

    Entertainment:
    Emma Heming Willis has insisted there is "so much to be grateful for" despite her husband Bruce Willis' health battle 12:10

    Auckland:
    A man's been rescued after being trapped six metres underground at a Central Interceptor construction site in Auckland 12:07

    Cricket:
    Black Caps bowler Matt Henry is astounded by the homegrown talent he's witnessing in the Indian Premier League 12:07

    Entertainment:
    Rihanna would love to swap places with her children for the day 11:40

    Motoring:
    Part of State Highway 29A between Oropi Road and Cameron Road, near Tauranga, is closed after a crash 11:37

    International:
    Australian Energy Regulator admits to serious concerns over time-of-use tariffs 11:17

    Entertainment:
    Tom Payne and Jennifer Akerman have "unexpectedly" welcomed twins 11:10

    Rugby:
    The Highlanders are keen to head home after a humbling two-match trip across the Tasman 11:07

    Entertainment:
    Sydney Sweeney's representative has slammed veteran Hollywood producer Carol Baum for slating the actress' looks and acting 10:40


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