Half of mortgage holders will take a hit of hundreds of dollars when they need to refix their interest rates within the next 12 months.

This will heap financial pressure on homeowners at a time when house prices are also steadily declining.

Amid all this, business confidence is also on the slide and bosses are starting to pull back on hiring new staff.

So much will this mortgage shock hurt? Will renters end up being hit the hardest? And when can we expect things to start turning around?

Today, Westpac senior economist Satish Rancchod crunches the numbers on the big economic squeeze heading our way.  

Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.

You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

Host: Damien Venuto
Producers: Shaun D Wilson and Paddy Fox
Executive Producer: Ethan Sills

Half of mortgage holders will take a hit of hundreds of dollars when they need to refix their interest rates within the next 12 months.   This will heap financial pressure on homeowners at a time when house prices are also steadily declining.   Amid all this, business confidence is also on the slide and bosses are starting to pull back on hiring new staff.   So much will this mortgage shock hurt? Will renters end up being hit the hardest? And when can we expect things to start turning around?
Today, Westpac senior economist Satish Rancchod crunches the numbers on the big economic squeeze heading our way.  
Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.
You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Host: Damien Venuto Producers: Shaun D Wilson and Paddy Fox Executive Producer: Ethan Sills

Keeping up to date with the news just became a little easier. Available every weekday at 5am, tune in as Chelsea Daniels chats with the journalists and newsmakers, going behind the headlines to break down what you need to know on the biggest stories of the day. 

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<li>Keeping up to date with the news just became a little easier. Available every weekday at 5am, tune in as Chelsea Daniels chats with the journalists and newsmakers, going behind the headlines to break down what you need to know on the biggest stories of the day. </li>
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Every day, The Front Page takes you behind the scenes of the biggest story from the New Zealand Herald. Hosted by Damien Venuto

The Front Page

Keeping up to date with the news just became a little easier. Available every weekday at 5am, tune in as Chelsea Daniels chats with the journalists and newsmakers, going behind the headlines to break down what you need to know on the biggest stories of the day.

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