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14 Mar 2025 8:08
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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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     Today's News

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     Law and Order:
    The sister of young Gloriavale man, Sincere Standtrue, is raising questions around the Coroner's investigation into his death 7:57

     Politics:
    Israel's decision to cut power to Gaza hits the strip's water supplies 7:57

     Business:
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     Politics:
    UN experts accuse Israel of 'genocidal acts' and sexual violence as a war strategy in Gaza 7:47

     Business:
    Regional economies in the south are continuing their winning streak 7:47

     Education:
    A tragic reminder of the dangers of trains, with the death of a 13-year-old high school student in Waikato's Matamata 7:37

     Entertainment:
    Kerry Katona has undergone "a few non-surgical tweaks" after cancelling a facelift 7:35

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     Business:
    A major airfield safety project has been completed at Queenstown Airport - within schedule, and on budget 7:27

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