New Zealand’s debt nearly doubles in a decade as mortgage trends improve but business struggles
New Zealand's total debt has nearly reached $1 trillion over ten years, with mortgage debt becoming more sustainable while smaller businesses face liquidation.
New Zealand's borrowing has nearly doubled over the past decade, approaching $1 trillion. Mortgage debt is becoming more sustainable with fewer borrowers in negative equity, and farm debt is improving. However, business debt has hit $143 billion with thousands of small firms entering liquidation as they struggle with hard financial decisions.
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What outlets are saying
NZ Herald
As Labour and National face off on debt, are we asking the right questions? – Liam Dann
OPINION: The Herald begins its Nation of Debt series, tallying all our borrowing.
NZ Herald
Nation of Debt: How the economic downturn healed NZ’s borrowing addiction
Mortgage and farm debt trends are improving, while small firms struggle.
NZ Herald
Nation of Debt: Business debt hits $143 billion, 3275 firms enter liquidation
While business debt can be a tool for growth, smaller firms are facing hard decisions.
NZ Herald
Good debt, bad debt: What NZ’s near $1 trillion tally really means – The Front Page
New Zealand’s debt has nearly doubled in 10 years.
NZ Herald
Nation of Debt: Mortgage debt is finally sustainable, but the economy is continuing to splutter
Mortgage debt is finally sustainable, with only a tiny portion of borrowers under water.