Tim Dower: Are Our Borrowing Trends Getting Out Of Hand? (NewstalkZB)
Recent online media coverage featuring Centrix insights or commentary:
July 2024
Liquidations trend upwards as small businesses suffer (NewstalkZB)
Housing advocates claim Kāinga Ora revamp will increase homelessness (Newhub)
Funding cuts for some budget services ‘quite frightening’ – mentor (1News)
Company insolvencies and liquidations up, 474,000 people now behind on payments (RNZ)
Company insolvencies and liquidations up, 474,000 people now behind on payments (NZ Herald)
More consumers fall behind on mortgage, credit card payments (RNZ)
Dealers top liquidation risk ratings (Autofile)
Consumers ‘better off’ with dealer finance (Autofile)
Mortgages and cars – the two should not go together (GoodReturns)
Mortgages and cars – the two should not go together (NZ Mortgage Magazine)
New home consents down 32% from peak (The Post)
June 2024
Business defaults, liquidations rise as sector faces ‘very challenging’ environment (NZHerald)
Who’s doing well despite the recession? (NewsHub)
Post-Christmas debt hangover is starting to ease, data shows (The Post)
Number of late mortgage repayments falls for second month (RNZ)
Number of late mortgage repayments falls for second month (Microsoft)
Boomers, farmers – who’s doing well, despite the recession? (RNZ)
Who’s doing well, despite the recession? (Otago Daily Time)
Non-performing housing loans up, monthly mortgage arrears down (NZ Mortgage Magazine))
New Zealanders are being increasingly careful with their spending (NZCity)
May 2024
Company liquidations reach nine-year high in March: Centrix (NBR)
Number of debt arrears in NZ creeps back up (RNZ)
Cost-of-living squeeze: More than 460,000 Kiwis behind on debt payments (NZHerald)
Company liquidations hit nine-year high, worse may be ahead (The Press)
Auto loan arrears up (AutoTalk)
Mortgage arrears up and still rising slowly (The NZ Mortgage Mag)
Vehicle loan arrears at all-time high (Autofile)
‘Doing it tough’: New data reveals 70 pct of Kiwis now worried about money (MSN)
SME loan unaffordability complaints on the rise (Motor Equipment News)
What the Budget needs to do to bring confidence back to business
April 2024
Data finds more people up to date on their payments (NewstalkZB)
Debt arrears down 4.8 percent in February – report (RNZ)
Kiwis’ credit by the numbers (Stuff)
Kiwi financial hardship rises in first months of 2024 – data (1News)
Payback time: consumers at 30-days past due hit six-year high (BusinessDesk)
Mixed credit trends amid NZ’s recession concerns (NZAdvisor)
What is happening with the NZ housing market this week? (RNZ)
Auckland epicentre of mortgage crisis (The Press)
Building company failures are the ‘new pandemic’ (The Press)
Growing number of homeowners falling behind on their mortgage (The Spinoff)
Small businesses warned about loans (The NZ Mortgage Magazine)
Kate Sylvester closure: ‘Really difficult’ time for retailers (RNZ)
March 2024
New Zealanders not paying their bills hits seven-year high (Newshub)
Auckland houses for sale flood market, hit 11-year peak (NZ Herald)
Number of Kiwis behind on mortgage highest since before Covid (1News)
Small business owners feeling the squeeze – Centrix (NBR)
Half a million NZ consumers in debt arrears – report (RNZ)
More than 480,000 Kiwis behind in debt payments (NZ Herald)
New Zealanders not paying their bills hits seven-year high (MSN NZ)
Mortgage arrears rising but still low (The NZ Mortgage Magazine)
Mortgage arrears rising but still low (Good Returns)
Post-Christmas spending hangover sees loan arrears hit seven-year high (The Press)
February 2024
More Kiwis falling behind on debt payments (1News)
Pressure on homeowners – mortgage arrears at 4 year high (RNZ)
More kiwis are behind on their bills as cost of living pressures bite (NewstalkZB)
Number of Kiwis falling behind on credit payments nears half a million – new data (Newshub)
Interest rates, cost-of-living drive up business and consumer defaults (RNZ)
More Kiwis falling behind on debt payments (1News)
Mortgage pain hits: Why can’t we use our money to clear it? (Stuff)
Credit culture: another holiday under the belt we’re tightening (BusinessDesk)
Homeowners under pressure as mortgage arrears hit near four-year high (NZ Herald)
January 2024
By the numbers: One man’s struggle to get out of debt (The Post)
How credit scores work (The Post)
The retail and hospitality businesses that went bust last year (The Post)
December 2023
How to avoid the debt trap over the holiday season (The Post)
Jump in mortgage arrears as interest rates bite (RNZ)
Spike in arrears on mortgages over $500,000 as interest rates and cost of living bite (The Post)
Debt risk as more Kiwis plan to put Christmas spending on credit cards (NZ Herald)
Cost of living pressures drive drop in retail spending (RNZ)
Interest-only loans spurned as mortgage arrears increase (Good Returns)
Almost 20,000 home loan borrowers falling behind: ‘Scary thing is it’s still going’ (Stuff)
‘Slow and low’: BNZ says housing market upturn will be like The Beastie Boys (BusinessDesk)
More than 19,000 home loan payments overdue as high interest rates hit mortgage holders (NZHerald)
Demand for consumer credit up before Christmas – Centrix (RNZ)
Mortgage stress for business owners hits new high (Waikato Times)
NZers debt increased in November data shows (RNZ)
Focus Morning Bulletin: Rail costs, ceasefire extended and mortgage pain (NZHerald)
Liam Dann: Brace yourself – big warning buried in the Reserve Bank statement (NZHerald)
November 2023
Centrix upgrade to make loan applications faster and easier (RNZ)
Centrix enhances financial data services in New Zealand (NZAdvisor)
Centrix and Envestnet | Yodlee to enhance financial data in New Zealand (CFOtech)
The businesses failing under cost-of-living pressure (Stuff)
‘Past due’ Kiwis surge to 427,000 (Business Desk)
Credit demand rebounds to pre-pandemic levels – Centrix (NZ Advisor)
Bad for business: New data shows more companies are going under (RNZ)
Struggles with debt for most Kiwis (The NZ Mortgage Mag)
Supie’s last days: The cashflow crisis behind the smiles (Newsroom)
Fears workers will lose their jobs as unemployment rate rises to 3.9 percent (Newshub)
Newsable: Tricky times might prompt wave of small new businesses (Stuff)
Supie’s last days: The cashflow crisis behind the smiles (Newsroom)
Auto loans driving up credit demand (Autotalk)
From wealth of $4m to living on noodles: ‘What is the world coming to?’ (Stuff)
October 2023
Higher mortgage arrears ‘result of Reserve Bank engineered downturn’ (Stuff)
Data shows 18,600 home loans are in arrears (Business Desk)
Back pocket squeeze: Demand for consumer and business credit rises (NZ Herald)
Why is the demand for credit rising? (Newstalk ZB)
Households managing debt as economy slows but businesses under strain (RNZ)
Large rise in number of Kiwi businesses going under (TVNZ)
Will repealing the CCCFA be enough? (Good Returns)
Elderly Māori hard-hit by rising costs as they refinance to help whānau (Newsroom)
‘Very sharp’ construction downturn likely, as residential consents slump (RNZ)
September 2023
Credit arrears and business liquidations increase towards pre-pandemic levels – Centrix (RNZ)
Borrower pain hits five-year high: Who’s being hit the hardest (NZ Herald)
Cost of living: Number of New Zealanders falling behind on credit card payments grows (Newshub)
More than 426,000 people now ‘past due’ (BusinessDesk)
Centrix reveals who is struggling the most with debt (Stuff)
August 2023
How much interest rate pain is too much to bear?
Good Shepherd NZ launches ‘Good Now, Good Later’ small loans
Stalling at the lights: Low prices, FOMO and election can’t ignite property rebound
Tricks to stop your credit card debt from snowballing
Market Watch: Why high interest rates aren’t crashing the economy … yet
Mortgage borrowing hits a high
Business defaults rise but homeowners winning battle with rising interest rates
Younger people feeling most ‘financial stress’, Centrix says
Developers increasingly defaulting on loans
New data shows company liquidations continue to climb
July 2023
Cost of living: Missed mortgage, credit repayments creep up
Demand for six types of loan tells story of economy of two halves
As home loan rates continue to rise, more households are missing repayments
By the numbers: The mortgage refixing bomb
Building firms go to the wall as housing market falls away
426,000 New Zealanders now behind on debt repayments
Households falling behind on debt repayments
One in 10 Kiwis behind on debt repayments, the highest level in four years – report
Numbers behind in debt repayments rise to highest level in four years
Kiwis nervous as mortgage interest rates go up
Companies filing for liquidation up 35% year-on-year
Mortgage arrears now at highest levels since March 2020
Mortgage delinquencies in May at highest since March 2020
Surge in Delinquent Debt Repayments Reaches Four-Year Peak
June 2023
Drop in households struggling with debt, but businesses are doing it hard
Figures show reversal in increase of arrears in mortgages for first time in eight months
Fewer people in arrears as households adjust to ‘tough times’, data shows
Kiwis getting used to high interest rates but warned not to fix for long
Home loan borrowers getting used to higher interest rates ‘new norm’
Credit stress easing, new mortgages 28% down
Editorial: Green shoots in property sector point to economic rebound
Mortgage arrears retreat for first time in eight months
Money, mortgage interest rates and how Kiwis have saved $425m
Motor Vehicle Register ‘doesn’t show what people think it does’
Some banks will be ready for open banking before May 2024
Big profits not to blame for inflation, report suggests
New Zealand is officially in a recession. These charts show how Australia compares
Buy now pay later reforms underway
Buy now, pay later provider Afterpay pushes for watered-down rules
Liquidations rising as economy worsens and Inland Revenue cracks down on tax debtors