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Latest RBNZ figures show New Zealanders' interest bill on mortgages topped $4.6 billion in the September quarter, putting us on target to pay well north of $17 billion to the banks in mortgage interest for the full 2023 year
The country's banks are telling the Reserve Bank that 'a more significant increase' in investor demand for residential mortgages may occur in the next six months if interest deductibility on rental properties is reintroduced
Latest Reserve Bank figures show that mortgage money advanced last month rose by over 8% on a seasonally-adjusted basis
The number of people choosing to 'top-up' their home mortgage is running at fewer than half the number of two years ago
Latest Reserve Bank figures show mortgage money advanced last month dipped below $5 billion - the lowest level for a July month since 2017