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Migration, higher rents and mortgage rates

Migration, higher rents and mortgage rates

Record migration resulting in more people than live in Palmerston North or New Plymouth moving to New Zealand, all needing a place to live at a time when house building has hit a slump and rents are rising is putting pressure on mortgage rates, especially in Auckland.

Sally Lindsay

Mon, Nov 6th 2023 09:27AM

New app for borrowers

New app for borrowers

Former mortgage adviser pleads guilty to dishonesty offences

Former mortgage adviser pleads guilty to dishonesty offences

RBNZ coy on DTIs but plans public consultation

RBNZ coy on DTIs but plans public consultation

Mortgage defaults to rise over the next year

Mortgage defaults to rise over the next year

Household financial stress likely to grow: RBNZ

Household financial stress likely to grow: RBNZ

Struggles with debt for most Kiwis

Struggles with debt for most Kiwis

New Zealand households more exposed to mortgage defaults

New Zealand households more exposed to mortgage defaults

No loosening of high OCR settings

No loosening of high OCR settings

Interest payments on mortgages soar

Interest payments on mortgages soar

Specious arguments from big banks need to be taken down - Habilis

Specious arguments from big banks need to be taken down - Habilis

Recovery in mortgage lending expected in next six months

Recovery in mortgage lending expected in next six months

Wealth falls, inflation drops but lower OCR still a way off

Wealth falls, inflation drops but lower OCR still a way off

Akahu aspires to be the "plumbing" of open banking

Akahu aspires to be the "plumbing" of open banking

Refinancing becoming a hot option for borrowers

Refinancing becoming a hot option for borrowers

Changes can’t come fast enough

Changes can’t come fast enough

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