Mortgage News

Households not getting any richer

Thursday 11th of May 2000

New Zealand households may now be feeling the pinch of higher interest rates and a dip in wealth, said NZIER director Alex Sundakov today.

Sundakov was speaking at the release of WestpacTrust's latest Household Savings Indicators, which are compiled by NZIER and Morningstar. He said that this feeling was consistent with the trend in retail sales growth, "which has shown signs of more s...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.