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10 May 2024 11:40
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      Home > News > Business

    Activity in the housing market is holding its own against the rising cost of borrowing

    Activity in the housing market is holding its own against the rising cost of borrowing

    26 April 2024
    New Zealand Banking Association's revealed almost 30 percent more home loans were taken out from June to December 2023, than the previous six months.

    Chief executive Roger Beaumont says it's surprising to see - given the challenges in the economy right now.

    He says more people are moving from paying off principal and interest on their loans, to interest-only repayments.

    Beaumont says thinking about household expenses and how to get through a high interest rate environment, is sensible.

    © 2024 Newstalk ZB, NZCity


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     Top Stories

    RUGBY RUGBY
    Former All Black Pita Alatini maintains first-fives around the country will be discouraged by New Zealand Rugby's plans to lure Richie Mo'unga back early from his contract with Japanese side Toshiba More...

    BUSINESS BUSINESS
    Facebook New Zealand's reporting its profit's jumped a third -for the year ending December 2023 More...


     Today's News

    		 Rugby:
    Former All Black Pita Alatini maintains first-fives around the country will be discouraged by New Zealand Rugby's plans to lure Richie Mo'unga back early from his contract with Japanese side Toshiba 11:27

     Law and Order:
    Robert F Kennedy Jr says a worm 'ate a portion' of his brain, 'then died'. What can a brain parasite really do to a human being? 11:27

     Entertainment:
    Rihanna "loves" parenting her children 11:15

     Business:
    Facebook New Zealand's reporting its profit's jumped a third -for the year ending December 2023 11:07

     Living & Travel:
    Hundreds of travellers are stuck in Vanuatu - after the national airline filed for insolvency on Monday 10:47

     Cricket:
    Colin Munro has announced his retirement from international cricket 10:47

     Entertainment:
    Khloe Kardashian had to "retrain [her] mind" before embarking on her weight-loss journey 10:45

     Health & Safety:
    The NZ Drug Foundation's offering free testing after a highly synthetic opioid was found in a second fake tablet 10:27

     Entertainment:
    Ian Gelder has died aged 74 10:15

     Rugby League:
    The Sea Eagles are set to miss Tom Trbojevic again after the fullback injured his hamstring in the NRL league loss to the Dolphins 10:07

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