13 Dec 2023

Jump in mortgage arrears as interest rates bite

From Nine To Noon, 9:07 am on 13 December 2023
Blue house pointing up and red house pointing down.

Photo: RNZ

Higher interest rates and living costs are forcing more property owners with mortgages over $500,000 into arrears, according to new data.

Kathryn talks to Centrix managing director Keith McLaughlin about the trend, and what impact it could continue to have into 2024.