A property economist is welcoming the Reserve Bank's plans to introduce debt-to-income lending rules for house buyers.
From the middle of this year, owner-occupiers will have loans set to six times their income, while investors will be set to seven times their income.
Loan-to-value ratios will be relaxed at the same time, intended to help first-home buyers who can service a loan but can't raise a big enough deposit.
CoreLogic chief property economist Kelvin Davidson spoke to Corin Dann.
