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21 Sep 2021 13:39
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  •   Home > News > Business

    It's being suggested first-home buyers could be in for a shock over increasing interest rates

    It's being suggested first-home buyers could be in for a shock over increasing interest rates


    A fall in the last quarter has seen unemployment drop to four percent.

    As a result BNZ and ANZ, among others, are predicting the Official Cash Rate will rise three times before the end of the year, to one percent.

    ANZ's also forecasting two more increases in the first half of next year, to 1.5 per cent, which would be the highest since mid-2019.

    Mortgage broker Sue Tierney says younger people who've just recently bought homes should prepare themselves.

    She says young couples who plan to have children in the future, will need to plan to ensure they can afford to.

    © 2021 Newstalk ZB, NZCity

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     Today's News

    Business:
    Families have fared better than expected during our latest lockdown 13:35

    Business:
    JobKeeper a $6.2b 'sugar hit' for larger businesses that didn't take a big revenue hit during the pandemic 13:35

    Motoring:
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    Cricket:
    Pakistan officials furious after England withdraw from cricket tour 13:05

    Business:
    Bunnings has won a court case -- over claims it offers "guaranteed lowest prices ... and lowest prices are just the beginning" 12:25

    Cricket:
    Wellington cricketer Logan van Beek hopes the worst of his brush with Covid-19 is over, as he prepares to represent the Netherlands at next month's Twenty20 World Cup 11:55

    Law and Order:
    Officials are checking what rules were broken after an Auckland prisoner caught Covid -- en route to a north Waikato bail address 11:55

    Business:
    China's real estate house of cards could be brought down by Evergrande, the world's most indebted company 11:15

    Tennis:
    Tennis player Erin Routliffe is breaking new ground on the WTA tour 11:05

    Law and Order:
    A man who took off from an MIQ facility after testing positive for Covid-19 ... has been arrested again 11:05


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