News

Investors carry loans for longer

Thursday 29th of September 2016

New Zealanders have 29c of real estate debt for every dollar of property they own, new data from Statistics New Zealand shows.

It has done a new analysis of New Zealanders' debt.

It found real estate loans make up 87% of individual debt held by New Zealanders. Half of all those aged over 15 owe money.

For all those reporting a debt, the average debt was $79,000. Comp...

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