New household debt figures ‘highlights vulnerability’ to financial stability
Real estate debt accounts for almost 90% of total individual debt, according to new figures
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New figures suggest New Zealanders' love affair with the property market shows no signs of letting up.
Data from Statistics New Zealand, released this morning, shows real estate debt accounted for almost 87% of total individual debt held by New Zealanders last year.
The figures also show for
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Jason Walls
Thu, 29 Sep 2016
Thu, 29 Sep 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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New household debt figures ‘highlights vulnerability’ to financial stability
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