Why do Kiwis Pay Higher Mortgage Rates than Other Countries?

March 27, 2014

Mortgage interest rates have increased in response to the Reserve Bank raising the Official Cash Rate to 2.5 per cent last week. But this isn’t the first time that New Zealand’s mortgage interest rates have been higher – in comparison to the OECD, our rates have been high for the past 20 years!

This article on PropertyNoise.com discusses some of the reasons why our rates are higher than other OECD countries. 

^ top
Filed under Real Estate \ Real Estate Investment

Related posts

Leave a comment

Fields marked * are required

Looking to sell or rent?
Get a FREE Appraisal Now
Property Search
Area
Price from
Price to
Area
Price from
Price to
Real Estate News
Should I Sell My Investment Property? TELL ME MORE »
Are You Aware of The Healthy Homes Assessment Deadline of 1 December 2020? TELL ME MORE »
The Pros of Property Management - How Property Managers make life easier for Landlords and Tenants TELL ME MORE »
Residential Tenancies Amendment Bill Passes Final Reading TELL ME MORE »
Do you Know About the Next Healthy Homes Bill Deadline?* TELL ME MORE »
View All