DTIs rising sharply

The data for March reveals a sharp upturn in high LVR lending in our biggest city.

According to the figures, $424 million was loaned to Aucklanders at DTI greater than five, while $687 million was borrowed at an LVR greater than six.

In contrast, in March 2020, just $216 million was loaned to Aucklanders at a DTI greater than five, and $275 million at a DTI greater than six.

First home buyers across the country borrowed $549 million at a DTI greater than five in March, compared to $290 million the same month last year.