Missed Mortgage Payments Swell in Housing Bellwether New Zealand

The video discusses the impact of rising interest rates and the housing market structure in New Zealand. It highlights the stress on household budgets due to refinancing mortgages at higher rates. The Reserve Bank of New Zealand (RBNZ) is expected to raise rates further, exacerbating financial pressure. Despite this, low unemployment offers some financial resilience, potentially preventing forced sales.

What trend has been observed in arrears rates in New Zealand over the past five years?

What is the current unemployment rate in New Zealand, and how does it relate to mortgage payments?