ONLY CHARTS #456
Aus Q3 GDP nowcast, APRA high-DTI limits, NZ retail trade, NZ business conditions & activity, Aus student visas
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1. Melbourne Institute’s latest Q3 GDP growth nowcast for Australia is +0.6% q/q.
2. APRA is introducing limits on new high debt-to-income housing loans. From 1 February 2026, authorised deposit-taking institutions (ADIs) will not be able to lend more than 20% of new mortgages at debt of 6-times income or more. The limit will apply separately to ADIs’ owner-occupier and investor lending.
APRA noted that it aims to pre-emptively contain risks building up in high-DTI lending, particularly to housing investors.
Currently, a bit more than 5% of total new housing loans have DTIs of at least 6-times income. APRA noted, however, that the share of new high-DTI investor loans has risen to ~10% and a small number of ADIs are currently near, or at, the DTI limit of 20%.
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