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

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rnzHigh10h 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.

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Thousands of New Zealand First-Home Buyers Face Negative Equity

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

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