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How will we repay our mountains of debt?

Brian Gaynor
Sat, 10 Jul 2021

Figures show New Zealand's residential mortgage debt is $60,700 per person. (Image: Deposit Photos)
Brian Gaynor
Sat, 10 Jul 2021
There is a huge focus on government debt at present because of the massive increase in borrowings due to covid-19. But what about our mountain of residential mortgage debt, why aren’t we concerned about that? New Zealand: Debt per capita GovernmentHousingLatest$19,800$60,700June’20$16,400$55,100June’19$11,600$53,100June’18$11,700$50,800June’17$12,400$49,000These figures show New Zealand now has net Crown debt of $19,800 for every man, woman and child while we have residential mortgage debt of $60,700...

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