
Mortgage News
Debt-fuelled bubble 'a mistake'
Wednesday 3rd of July 2013
NZIER economist Shamubeel Eaqub said more than half the debt accumulation over the past 12 months in New Zealand had occurred in Auckland, and a lot of it had been mortgages taken out with low deposits.
Speaking to the Perfecting Investment Portfolios conference in Auckland today, he said there were huge amounts of risk building up in Auckland as house prices increase from already elevat...
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