Money / Life And Society

Jump in mortgage arrears as interest rates bite

09:07 am on 13 December 2023

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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.