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- Category: News
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The Reserve Bank is looking to restrict lending to house buyers whose debts outstrip their income - a tool known as debt-to-income (DTI) ratio limits.
Finance Minister Grant Robertson has agreed "in principle" to allow DTIs, which the Reserve Bank has described as "likely to be the most effective additional tool" to help stabilise ballooning house prices.
- Hits: 676
- Article: https://www.newshub.co.nz/home/politics/2021/06/debt-to-income-limits-reserve-bank-looks-to-restrict-lending-to-house-buyers-whose-debts-outstrip-income.html
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- Note from Nighthawk.NZ:
So now it will only be investors that buy houses, increasing the price of the housing market and not those that are needing the house in the first place... right!
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If you're wanting to buy a home, you might need to lower your expectations about what you can afford after the Government gave the Reserve Bank the power to cap mortgages against your income.
That means the amount you're allowed to borrow could be cut.
- Hits: 666
- Article: https://www.newshub.co.nz/home/money/2021/06/broker-warns-poor-will-get-poorer-if-government-introduces-debt-to-income-caps-to-stop-monster-mortgages.html
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- Note from Nighthawk.NZ:
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Wellington retailers in the central shopping corridor are scared a plan to ban cars from the area will cause businesses to close or abandon the area.
What is known as the Golden Mile - Lambton Quay, Manners and Willis Streets and Courtenay Place - will only be open to buses, cyclists and pedestrians.
- Hits: 698
Read more: Wellington businesses anxious over Golden Mile car ban plan
- Article: https://www.newshub.co.nz/home/new-zealand/2021/06/wellington-businesses-anxious-over-golden-mile-car-ban-plan.html
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- Note from Nighthawk.NZ:
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Wellington is moving ahead with plans to ban cars from four main "golden mile" streets - Courtenay Place, Lambton Quay, Manners and Willis Streets.
The streets will only be open to buses, cyclists and pedestrians. Side streets will also be closed off where they intersect with them.
Car parks would be removed and footpaths widened, and Midland Park on Lambton Quay would also be expanded.
- Hits: 674
Read more: Wellington to ban cars from city's Golden Mile streets
- Article: https://www.newshub.co.nz/home/new-zealand/2021/06/wellington-to-ban-cars-from-city-s-golden-mile-streets.html
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- Note from Nighthawk.NZ:
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Analysis - Is New Zealand navigating the China-West, politics-trade relationship in a craven way? Increasingly that seems to be the view from overseas, and especially Australia.
New Zealand's relationship with China has been in the spotlight while Scott Morrison has been meeting Jacinda Ardern in Queenstown
- Hits: 3992
Read more: Australia turns up heat on NZ's relationship with China
- Article: https://www.rnz.co.nz/news/on-the-inside/443769/australia-turns-up-heat-on-nz-s-relationship-with-china
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- Note from Nighthawk.NZ:
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New Zealand has the least favourable view of the United States of any country a new survey shows.
US nonpartisan fact tank Pew Research Center has released the results of a new survey of 16 populations around the world, finding an overall uptick in ratings for the US, with high confidence in new President Joe Biden. The research saw 16,254 people surveyed across the countries between March 12 and May 26.
- Hits: 684
Read more: New Zealand has least favourable view of US of any country in new survey
- Article: https://www.newshub.co.nz/home/new-zealand/2021/06/new-zealand-has-least-favourable-view-of-us-of-any-country-in-new-survey.html
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- Note from Nighthawk.NZ:
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The Wuhan Institute of Virology kept live bats in cages, new footage from inside the facility has revealed, disproving denials from World Health Organisation investigators who claimed the suggestion was a “conspiracy”.
- Hits: 756
Read more: WORLD EXCLUSIVE: Footage proves bats were kept in Wuhan lab
- Article: https://www.youtube.com/watch?v=ANRs4DojOek
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- Category : News
Chinese President Xi Jinping's push for a "loveable and respectable" image doesn't appear to be working, at least on Kiwis.
We're increasingly seeing the world's most populous country as a threat, a new survey has found, and fewer of us consider China a friend to New Zealand.
- Hits: 688
Read more: Kiwis increasingly view China as a threat
- Article: https://www.newshub.co.nz/home/new-zealand/2021/06/kiwis-increasingly-view-china-as-a-threat-survey.html
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- Note from Nighthawk.NZ:
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