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27 Oct 2021 12:45
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  •   Home > News > Business

    Covid-19 has played a role in housing debt hitting an all-time high

    Covid-19 has played a role in housing debt hitting an all-time high


    Official figures show in the two years between June 2019 and June this year, the country's housing debt rose 19-percent to 317.6 billion dollars, most in the past year.

    CoreLogic Chief Economist Kelvin Davidson says low mortgage interest rates have been a big driver.

    He says since changes were put in place by the Reserve Bank last year, people can afford to pay more and the bank is happy to lend more.

    © 2021 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    The All Blacks have ratcheted up Covid protocols heading into the European leg of their end-of-year tour More...


    BUSINESS BUSINESS
    Covid-19 vaccine mandates could be a big relief for New Zealand's food exporters More...



     Today's News

    Politics:
    The Government's confirmed Councils must join its water infrastructure reform 12:24

    Entertainment:
    Halyna Hutchins’ family are demanding answers over her death 12:20

    Rugby:
    The All Blacks have ratcheted up Covid protocols heading into the European leg of their end-of-year tour 11:54

    Entertainment:
    Ireland Baldwin and Hailey Bieber have sent messages of support to Halyna Hutchins' family 11:50

    Environment:
    Police say they're disappointed by protesters at Auckland's northern and southern Covid-19 borders 11:44

    Entertainment:
    Melissa McCarthy says she would be a great maths teacher 11:20

    Cricket:
    South Africa wicketkeeper Quinton de Kock withdraws from Twenty20 World Cup match for refusing team directive to take the knee 11:14

    Rugby League:
    The race is intensifying for the last two places at the ATP World Tour finals in Turin next month 11:04

    Rugby:
    The All Blacks camp are on a heightened Covid alert after a positive test in the Welsh camp 10:54

    International:
    Gina Rinehart says polar bear numbers have increased. Is that correct? 10:54


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