People are back buying cars and doing home renovations again - with demand for credit on the rise.

A quarterly report by financial services company Equifax shows a 5.3 percent rise in applications in the three months to June - however mortgage finance remains subdued.

Equifax New Zealand Managing Director Angus Luffman told Kate Hawkesby says it follows seven quarters of decline.

He says the increase is being driven by unsecured credit among applicants 30 years and older.

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People are back buying cars and doing home renovations again - with demand for credit on the rise.
A quarterly report by financial services company Equifax shows a 5.3 percent rise in applications in the three months to June - however mortgage finance remains subdued.
Equifax New Zealand Managing Director Angus Luffman told Kate Hawkesby says it follows seven quarters of decline.
He says the increase is being driven by unsecured credit among applicants 30 years and older.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.