According to the latest mortgage lending by debt-to-income ratio (DTI) figures from the Reserve Bank (RBNZ), new borrowers are stretching themselves much less than in recent times. The March quarter figures confirm the tentative impression of a retreat from super-high DTI ratios seen in the December figures. Before that, over the past two years, the figures had been going up and up in line with the housing market. The RBNZ doesn't seem to be in any hurry now (which it was previously), and these latest figures would give a reasonable clue why. Then our next table looks at the investor and those owner-occupiers with investment collateral.

Source: Stuff May 23, 2022 03:14 UTC