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'We've lost half our deposit': About 4000 first-home buyers owe more than their homes worth

RNZ

WorldRNZ·Sep 2, 2026·1 min read

'We've lost half our deposit': About 4000 first-home buyers owe more than their homes worth

Rising interest rates are not welcome news for most borrowers, but they hit especially hard for those who are paying off a home loan on a house that is now worth less than they paid for it.

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