Tough times ahead for mortgage holders but they won't have to go it alone. The Reserve Bank has issued a warning about negative equity where people owe more than the value of their house.

Kiwibank has around 30 to 40 customers a week asking to make changes to their mortgages, CEO Steve Jurkovich says that's not a huge proportion of their customers overall.

He told Mike Hosking the housing market has been through a radical shift.

Jurkovich says it went from 35 percent growth to a 15 percent drop.

LISTEN ABOVE

Tough times ahead for mortgage holders but they won't have to go it alone. The Reserve Bank has issued a warning about negative equity where people owe more than the value of their house.
Kiwibank has around 30 to 40 customers a week asking to make changes to their mortgages, CEO Steve Jurkovich says that's not a huge proportion of their customers overall.
He told Mike Hosking the housing market has been through a radical shift.
Jurkovich says it went from 35 percent growth to a 15 percent drop.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.