Scoop has an Ethical Paywall
Mortgages And Other Real Estate Loans Drive Household Debt Up
Total household debt increased 29 percent from the year ended June 2018 to the year ended June 2021, Stats NZ said today.
Household debt or liabilities is the amount of money borrowed from another party, like mortgages, student loans, and debt on credit cards.
“Mortgage debt on the family home, which increased by 30 percent from 2018 to 2021, was the main reason for an increase in total household debt. Other real estate loans also contributed to the increase, rising 44 percent,” wealth and poverty statistics senior manager Andrew Neal said.
Visit our website to read this news
story, information release, and methods papers, or to
download CSV files:
- Mortgages and other real estate loans drive household debt up
- Household net worth statistics: Year ended June 2021
- Net worth statistics: Year ended June 2021 Information and improvements
- Comparison of household net worth statistics: Year ended June 2021
- CSV files for download
Advertisement - scroll to continue reading
Gordon Campbell: On How US Courts Are Helping Donald Trump Steal The Mid-Terms
Forest And Bird: Government Biodiversity Credit Scheme Welcomed As Opportunity For Restoration
Office of the Ombudsman: Ombudsman Publishes Findings On Ministry Of Education Sensitive Claims Scheme
Nelson City Council: Mayor Welcomes Auditor-General Decision Not To Prosecute Councillor
Johnnie Freeland: Ko Tātou Tātou - Climate Action In Aotearoa Begins With Relationship
Zero Waste Network Aotearoa: Container Return Scheme Bill Would Double Recycling Rates And Put Money Back In Households
Wellington City Council: Statement From The Wellington Mayoral Forum On Options For Regional Governance Reform
