Breaking News: RBNZ Activates DTI Restrictions & Eases LVR Restrictions
From 1 July, the Reserve Bank of New Zealand (RBNZ) will be implementing the following changes:
DTI Restrictions Introduced
➖ 20% of new owner-occupier lending to borrowers with a DTI ratio over 6.
➖ 20% of new investor lending to borrowers with a DTI ratio over 7.
LVR Restrictions Easing
✔20% of owner-occupier lending to borrowers with an LVR greater than 80% (increased from 15%).
✔ 5% of investor lending to borrowers with an LVR greater than 70% (deposit requirement reduced to 30% from 35%).
If you are an investor or first home buyer with a low deposit, get in touch with adviceHQ to see how this helps you.
#adviceHQ #NZPropertyInvestor #FirstHomeBuyer #RBNZ #LVR #DTI
Calling All Puzzle Masters! Can You Solve This?
When John was six years old he hammered a nail into his favorite tree to mark his height.
Ten years later at age sixteen, John returned to see how much higher the nail was.
If the tree grew by five centimetres each year, how much higher would the nail be?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
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What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
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