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9 Feb 2025 10:01
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      Home > News > Business

    Financial pressure for home-owners is set to ease as inflation stabilises

    Financial pressure for home-owners is set to ease as inflation stabilises


    Data predicts inflation will remain close to two-percent this year, with further OCR cuts expected from this month.

    On average, home-owners are spending a fifth of their net income on interest costs.

    Westpac Senior Economist Satish Ranchhod says those who fixed for one-year at the start of last year can expect to benefit.

    He says on an average mortgage, you could save about 300-dollars a month in most regions, and 400-hundred-dollars in Auckland.

    © 2025 Newstalk ZB, NZCity

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    A last-minute try to replacement Elliott Daly has seen England stun France 26-25 in a dramatic Six Nations rugby contest at Twickenham More...

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    New Zealanders feeling a financial-crunch will still need to watch their spending as inflation starts to ease More...


     Today's News

    		 Rugby:
    A last-minute try to replacement Elliott Daly has seen England stun France 26-25 in a dramatic Six Nations rugby contest at Twickenham 9:27

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     International:
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    Concerns for all-rounder Rachin Ravindra after the Black Caps' 78-run win over Pakistan in their ODI tri-series opener in Lahore 8:47

     Law and Order:
    Two Texas fathers are sentenced to death, but questions linger 8:27

     Business:
    New Zealanders feeling a financial-crunch will still need to watch their spending as inflation starts to ease 8:17

     Christchurch:
    Tragedy in Canterbury yesterday, with the death of a woman at Rakaia River near Ashburton 8:07

     Law and Order:
    A serial thief has been sentenced, after stealing over 60-thousand-dollars, including from tip jars and donation boxes 7:57

     Living & Travel:
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     Environment:
    Heavy rains are set to continue in central and north Queensland after near-record flooding inundated towns and required defence force assistance 7:37

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