House Prices

Aucklanders pay high price to live the high life

Aucklanders are paying a high price for the high life, according to a study that shows they owe 40 per cent of the nation's personal debt.

Wednesday, November 24th 2004

Aucklanders, who make up 30 per cent of New Zealanders carrying debt, have taken on $29 billion, compared with $43 billion for the rest of the country, the joint Metro magazine-Statistics New Zealand study showed.

Higher house prices were partly to blame, but Aucklanders were also paying for trying to keep up with the Joneses.

A Nielsen Media Research survey in August of households with incomes over $80,000 found Aucklanders regarded success and being seen as successful as more important than other New Zealanders.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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