House Prices

Kiwis sink deep in debt

More than 15 per cent of Kiwi households now owe more than they own, a new report says.

Sunday, October 24th 2004

The report, published this week by the Ministry of Social Development (MSD), says New Zealanders are battling debt.

Titled When Debt Becomes a Problem,, the report says the increasing number of people taking out loans with short-term lenders is also a concern.

It said the loans were often to cover basic living costs.

New Zealanders owed a total of $106 billion at the end of last year, with almost 16% having debts which exceeded their assets.

Read More - Opens in a new window

Property sector still strong in Manawatu

More Stories

Friday, March 21st 2025

Four decades of 6-7% yearly house price growth ending

New Zealander’s reliance on property capital gains in the mid-single digits is at an end.

Friday, January 31st 2025

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

It’s been years in the making and former real estate agent Mike Harvey is now coming to market with his platform matching buyers and sellers, an offering he says will be a gamechanger for the industry.

Friday, January 17th 2025

Leaving last year's stumbling housing market behind

As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.

Wednesday, January 15th 2025

Don’t bet on house prices rising faster than incomes

Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.

SBS FirstHome Combo	4.29
Unity First Home Buyer special	4.29
Co-operative Bank - First Home Special	4.85
China Construction Bank	4.85
ICBC	4.85
TSB Special	4.89
Kiwibank Special	4.89
ASB Bank	4.89
Westpac Special	4.89
BNZ - Std	4.89
AIA - Go Home Loans	4.89

Nelson Building Society	4.93
ICBC	4.95
SBS Bank Special	4.95
China Construction Bank	4.95
Wairarapa Building Society	4.95
TSB Special	4.95
ANZ Special	4.95
ASB Bank	4.95
Kainga Ora	4.95
Westpac Special	4.95
AIA - Go Home Loans	4.95

SBS Bank Special	5.39
Westpac Special	5.39
ICBC	5.39
Co-operative Bank - Owner Occ	5.59
BNZ - Std	5.59
BNZ - Classic	5.59
AIA - Go Home Loans	5.59
ASB Bank	5.59
Kainga Ora	5.69
Kiwibank Special	5.79
ANZ	5.79

SBS Construction lending for FHB	3.94
AIA - Back My Build	4.44
CFML 321 Loans	4.99
Co-operative Bank - Owner Occ	5.95
Co-operative Bank - Standard	5.95
Heartland Bank - Online	5.99
Pepper Money Prime	6.29
Kiwibank - Offset	6.35
Kiwibank	6.35
TSB Special	6.39
Kainga Ora	6.44