Through the Roof: Thousands of Mortgages Over $2 Million

The number of Kiwis with mortgages over $1 million has doubled in just three years, raising concerns about how they will cope with rising interest rates and the soaring cost of life.

In the third trimester

“Over the past three years, what we’ve seen are indeed rock-bottom interest rates and rising house prices. There’s been a lot of cheap borrowing to buy properties. expensive houses.”

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