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9 May 2024 13:27
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      Home > News > Business

    Activity in the housing market is holding its own against the rising cost of borrowing

    Activity in the housing market is holding its own against the rising cost of borrowing

    26 April 2024
    New Zealand Banking Association's revealed almost 30 percent more home loans were taken out from June to December 2023, than the previous six months.

    Chief executive Roger Beaumont says it's surprising to see - given the challenges in the economy right now.

    He says more people are moving from paying off principal and interest on their loans, to interest-only repayments.

    Beaumont says thinking about household expenses and how to get through a high interest rate environment, is sensible.

    © 2024 Newstalk ZB, NZCity


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     Today's News

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    Fiji's former prime minister Frank Bainimarama sentenced to one year in jail after interfering in police investigation 13:07

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    Australian cricketer Travis Head has tried to explain this morning's extraordinary run-chase in the Indian Premier League 12:37

     Business:
    The national grid operator wants to spend more than 30 million dollars to upgrade Hawke's Bay's Redclyffe substation - badly hit by Cyclone Gabrielle 12:27

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