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Viewing entries tagged with 'Housing debt'

New LVR rules expected to slow housing debt, which is growing at its fastest pace in more than eight years

3 October 2016

The level of housing debt taken on by Kiwis is growing at its fastest pace in more than eight years. New Zealanders' housing debt swelled by almost $2 billion in August - a 9.2% increase from August last year - according to the Reserve Bank’s monthly sector credit figures. More> 

Kiwis 'drowning in housing debt', Labour says after Statistics NZ figures

30 September 2016

Older Kiwis owe more for second properties than for their own homes, revealing a generational gap on housing debts. Labour says the new figures, which reveal real estate loans make up 87 per cent of Kiwis' debts, show many are "mortgaging themselves to the hilt". Stuff.co.nz. More>