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Poll: Is your debt more than 5 times your income?

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  1. #1
    Join Date
    Aug 2003
    Posts
    7,047

    Default Debt to Income Ratio - are you in the 60%? Poll

    Hi All,

    Having just read that 60% of Property Investors have a debt more than 5 times their income and 35 % of home owners are also in the same situation I wondered how many of us are in the 60% and how concerned are we about the RBNZ considering a max. borrowing of 5 times the income (currently it's 9 times)?

    cheers,

    Donna

  2. #2

    Default

    Assuming they don't grandfather it then it won't "affect" any investors other than to slow down their buying. Which means we will go to non banks for money or do more trading. It will only affect home buyers really don't you think?

  3. #3

    Default

    Income includes cashflow from rentals, if so then I'm fine.
    Free online Property Investment Course fromiFindProperty, the best place for Kiwis to buy their next rental property.

  4. #4
    Join Date
    Sep 2013
    Location
    Auckland
    Posts
    3,889

  5. #5
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    12,409

    Default

    More fiddling while Rome burns . . .

    Try Radenbrea Studios for hand-made designer jewellery. Especially if you're looking for a great gift idea for your lady love.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  6. #6
    Join Date
    Sep 2013
    Location
    Auckland
    Posts
    3,889

  7. #7
    Join Date
    Jul 2006
    Location
    North Shore
    Posts
    301

    Default

    Currently just under 7, about to go to 8.

  8. #8
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,219

  9. #9
    Join Date
    Sep 2008
    Location
    Tauranga
    Posts
    1,345

    Default

    Well Donna is the turkey in the Bank House talking net incomes or gross incomes?
    Does he even know what they are?

    a good blog to follow is Micheal Redell. Ex RBNZ.
    https://croakingcassandra.com/

    Does that include any mortgage on you own house?

    Is it relevant of your LVR is low?

    Will he apply the same rules to commercial. This week commercial in Tauranga has bee selling at yields of 4.5%.
    25 bidders for the same property. Nuts.

    So many unanswered questions.
    Last edited by Viking; 21-05-2016 at 11:04 PM.

  10. #10
    Join Date
    Jun 2005
    Location
    Auckland
    Posts
    4,944

    Default

    Unintended consequence - rents rise to 20% yield?
    DFTBA


 

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