Mortgage stress expected to double by early 2025, warns Reserve Bank
RBNZ warns times will get tougher for mortgage holders.
RBNZ warns times will get tougher for mortgage holders.
Auckland prices fell the most during the downturn, closely followed by Wellington.
High population growth is 'adding to demand', says Westpac's chief economist.
NZ households highly indebted by international standards.
OPINION: Mortgagee sales are on the rise - and pile on added stress after a separation.
OPINION: Slowly paying the mortgage off has become a bit of a forgotten art.
Interest rates have risen sharply over the past two years.
Will the change of Government see 'mum and dad' investors perk up?
Some mortgage rates creep close to 8 per cent, while deposit rates hit 6 per cent.
OPINION: Politicians come and go, they have their moments in the sun then usually fade.
Family home of former Apprentice host put on market after liquidation of owner.
OPINION: The economic news has been looking brighter in the past few weeks.
Inflation and the fiscal deficit will remain big challenges for the incoming Government.
A legal agreement can protect both parties involved.
Lawyers v MBIE on building WoFs: what's behind dispute between the two?
OPINION: RBA says many households are experiencing a "painful squeeze on their finances".
OPINION: Kiwis flatter themselves with the idea the economy is under our control.
OPINION: Hawkish, dovish, or a bit of both? The RBNZ continues to watch and wait.
New mortgage lending up 7 per cent between August 2022 and August 2023.
Last week's strong GDP raised expectations mortgage rates would continue to climb.
Evicted then trespassed: 'I had to pay for the site, for a house I couldn't live in'
ANALYSIS: It takes just one big bank to hike rates for the others to follow.
When interest rates are so high, there are tactics to make the mortgage pain more bearable
OPINION: What price might these buyers be paying for the convenience?
OPINION: Savings must be used to repay our growing debt, not to buy off voters.
There's also been a jump in Kiwis taking out new credit cards.
OPINION: As the economy slides into recession, all tax cuts are risky.
Plus, do we need to rethink our gambling legislation?
OPINION: Retail spending is down and a rising number of businesses are going under.
Westpac is lifting its mortgage and term deposit rates from tomorrow.