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Hospitality closures up 49%, more than 130,000 people have mortgage over $1m

Meanwhile, more than 130,000 people now have a mortgage over $1m, according to the latest figures on the country's debt.

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rnz.co.nzStai leggendo3 mesi fa

Hospitality closures up 49%, more than 130,000 people have mortgage over $1m

Mortgages over $1m jumped 15% YoY to 134,000; another 18,000 exceed $2m. Small-business mortgage stress 2x higher than non-business owners; hospitality liquidations up 49%, reflecting pandemic-era debt accumulation in property-leveraged operations.

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stuff.co.nz3 mesi fa

More than 130,000 people have a mortgage over $1m

A recent update by credit bureau Centrix shows the number of people with a mortgage larger than $1 million has increased 15 per cent year-on-year.

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martedì 2 giugno 2026·rnz.co.nz
Hospitality closures up 49%, more than 130,000 people have mortgage over $1m
Meanwhile, more than 130,000 people now have a mortgage over $1m, according to the latest figures on the country's debt.
martedì 2 giugno 2026·stuff.co.nz
More than 130,000 people have a mortgage over $1m
A recent update by credit bureau Centrix shows the number of people with a mortgage larger than $1 million has increased 15 per cent year-on-year.