newsnz

Latest news from New Zealand in English: politics, business, world, technology, sport, and lifestyle.

first-home buyers

Housing Market Shift in New Zealand

New Zealand’s housing market is undergoing a notable transformation as ‘mum and dad’ investors opt to sell their properties amid rising mortgage rates and economic uncertainty.

Mortgage loan update: Kiwis staying ahead despite rising rates

More than 40% of New Zealand homeowners are ahead on their mortgage repayments, showcasing strong financial capability amid rising interest rates.