Mortgage News

Household indebtedness increasing

Friday 14th of March 2014

Latest data from the Reserve Bank shows that financial liabilities have risen to 147% of households’ disposable income.

New Zealanders owe banks and non-bank lenders a combined total of $202.798 billion.

They have total financial assets of $265.309 billion, with superannuation savings worth $42.742 billion, life insurance of just under $6 billion, managed funds of $35.189 billion...

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