Thousands of New Zealand First-Home Buyers Face Negative Equity

Rising mortgage rates and stagnant housing values have pushed approximately 4,000 Kiwi first-time buyers into negative equity, leaving them owing significantly more than their properties are currently worth.

2 Sept, 17:07 — 2 Sept, 17:07

Post Share

Sources

Showing 1 of 1 sources

rnzHigh11h ago

'We've lost half our deposit': About 4000 first-home buyers owe more than their homes worth

Rising interest rates are not welcome news for most borrowers, but they hit especially hard for those who are paying off a home loan on a house that is now worth less than they paid for it.

Read full article →

Thousands of New Zealand First-Home Buyers Face Negative Equity

Sources

'We've lost half our deposit': About 4000 first-home buyers owe more than their homes worth

Related Stories

Uber and Wayve Launch London’s First Autonomous Robotaxi Service

Berkshire Hathaway Signals Intent to Increase Stakes in Japanese Trading Houses

Rising US-Iran Military Tensions Spark Regional War Fears and Oil Volatility

Diversified Energy to Acquire Elliott-Backed Birch Energy for $1.8 Billion