close
MENU
Politics
6 mins to read

Reserve Bank warns on stress for home buyers as interest rates rise

If interest rates reach 6%, about half of recent first-home buyers will face stress repaying their mortgage.

Brent Edwards Thu, 09 Dec 2021

The Reserve Bank has warned Finance Minister Grant Robertson that if mortgage interest rates rose to 5% about 20% of recent first-home buyers would start to struggle to service their loans.

“At 6% this would rise to close to 50%. Investors, and to a lesser extent existing owner-occupiers,

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Brent Edwards Thu, 09 Dec 2021
Contact the Writer: brent@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Reserve Bank warns on stress for home buyers as interest rates rise
Politics,
89987
true