The Reserve Bank warns that mortgage stress is set to increase, with more households expected to default on payments.

The banking regulator forecasts the portion of banks’ housing lending deemed “non-performing” will almost double by early 2025.

NZ Herald Wellington business editor Jenee Tibshraeny says portions are predicted to increase- but it won't reach the figures from the 2009 Global Financial Crisis.

LISTEN ABOVE

The Reserve Bank warns that mortgage stress is set to increase, with more households expected to default on payments.
The banking regulator forecasts the portion of banks’ housing lending deemed “non-performing” will almost double by early 2025.
NZ Herald Wellington business editor Jenee Tibshraeny says portions are predicted to increase- but it won't reach the figures from the 2009 Global Financial Crisis.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.