Mortgage News

Household net worth still falling

Friday 11th of August 2000

Groan. It's definitely official: the estimated net worth of New Zealand households has fallen 1.3 per cent (around $2.8 billion) over the June quarter.

Rising debt levels and falling house prices have done the damage, according to the latest WestpacTrust Household Savings Indicates compiled by NZIER and Morningstar. Our collective net worth was $5.4 billion at June 30, 2.5 per cent lo...

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