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.

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Unity First Home Buyer special	3.99
SBS FirstHome Combo	3.99
ICBC	4.25
Co-operative Bank - First Home Special	4.35
Co-operative Bank - Owner Occ	4.45
TSB Special	4.49
ANZ Special	4.49
ASB Bank	4.49
SBS Bank Special	4.49
Unity Special	4.49
Westpac Special	4.49

TSB Special	4.00
Kiwibank Special	4.49
Kainga Ora	4.49
Nelson Building Society	4.59
ICBC	4.59
Unity Special	4.65
SBS Bank Special	4.69
ANZ Special	4.69
BNZ - Std	4.69
Westpac Special	4.75
ASB Bank	4.75

ICBC	4.99
Kainga Ora	5.15
SBS Bank Special	5.29
Westpac Special	5.29
BNZ - Std	5.29
Kiwibank Special	5.39
TSB Special	5.39
ASB Bank	5.45
AIA - Go Home Loans	5.45
Co-operative Bank - Owner Occ	5.49
BNZ - Classic	5.59

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank	5.65
Kainga Ora	5.69

House Prices

Kiwis sink deep in debt

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