The number of people with a mortgage larger than $1 million has increased 15 percent year-on-year.
The number of people with a seven-figure mortgage has ballooned over recent years.
Credit bureau Centrix has released its latest update, that shows the number of people with a mortgage larger than $1 million has increased 15 percent year-on-year.
There are now 134,000 homeowners in that category. Joint borrowers who own a house together could be counted twice.
At the end of 2019, fewer than 51,000 people had a mortgage over $1m.
