![Homes out of reach for many NZers - report](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Homes out of reach for many NZers - report
Auckland is fast catching Queenstown again as the least affordable region in New Zealand.
Auckland is fast catching Queenstown again as the least affordable region in New Zealand.
The New Year could bring a significant rise in the number of Kiwis facing debt stress.
One in three people viewing realestate.co.nz earlier this year searched the words "mortgagee sale", hunting a bargain ripe for plucking.
Whether it's shares, commodities or precious metals, prices have rebounded sharply.
Kiwi Income Property Trust is considering raising $100 million to $150m, primarily to reduce debt.
The Reserve Bank has left official interest rates unchanged at 2.5 per cent this morning, while confirming they are not likely to rise till the second half of next year.
Interest rates have been left on hold by the Reserve Bank this morning, with governor Alan Bollard confirming again that he intends to keep them low till "the latter part of 2010".
NZ wants to follow Australia's decision which give financiers greater access to people's credit histories.
Baby Boomer lifestyles 'are coming home to roost' as defaults on credit payments rise, a credit information provider says.
A former NBR Rich List Aucklander says a $100 million debt led to him being declared bankrupt.
Property tycoon David Stewart Henderson - the man involved in a celebrity drug ring in 2005 - is being threatened with bankruptcy.
Councils are staring at an estimated $6 billion legal bill to fix the country's leaky homes - with the crushing debt falling on ratepayers.