
Mortgage News
Kiwi appetite for housing debt seems to be abating
Monday 9th of July 2001
Growth in household debt slowed to 6% in the year ended May from 8.4% in the previous year. That’s the slowest rate of growth of borrowing experienced for more than 20 years, say Clive Thorp and Bun Ung in the Reserve Bank’s latest bulletin.
Almost 91% of the $71.9 billion New Zealanders
owed at the end of May...
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