Households’ loan arrears may have peaked but tougher times likely for businesses
Around 465,000 people are behind on their payment obligations.
Around 465,000 people are behind on their payment obligations.
The last month has seen all the major banks make cuts to their home loan rates.
'Rents are nowhere near enough to cover the mortgage for a typical debt-backed purchase.'
ANZ assures it will continue being a responsible lender.
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The bank has cut its home loan rates for the second time in three weeks.
Rate relief may take time to filter through to households.
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Food prices have stabilised, but insurance, rates and rents are still “rising rapidly".
Falling inflation today provided more good news as banks start cutting interest rates.
As the inflation rate drops close to the target range, calls for early cuts are growing.
One company is offering eligible buyers money for deposits so they can afford a house.
Consumer Price Index data should confirm whether November rate cut hopes are on the mark.
The amount varies whether you are single or a couple with children.
The first bank moves to drop home loan rates after the Reserve Bank signals 'dovish' tone.
A series of stats out this week have collectively painted a bleak picture of the economy.
The OCR stays on hold but the RBNZ statement hints at an earlier start for rate cuts.
Chilly weather matches a particularly cold Auckland market for house sales and values.
New restrictions could mean banks won't have a mortgage boom if interest rates drop.
Interest rates, insurance costs, council rates tip some homeowners into difficulty.
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Economists say for most of us it's a matter of holding on.
ANZ has downgraded its expectations for house price growth this year.
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There was $1.9 billion of 'non-performing' home loans in April, data shows.
The viewing had changed from an open home to a kerbside gathering of potential buyers.
Analysts CoreLogic say Auckland is among the regions with the biggest price falls.