{"id":49981,"date":"2022-11-05T03:00:28","date_gmt":"2022-11-04T18:00:28","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2022\/nov\/05\/new-zealand-the-kiwi-in-the-coalmine-as-house-prices-slump-and-repayments-rise"},"modified":"2022-11-05T03:00:28","modified_gmt":"2022-11-04T18:00:28","slug":"new-zealand-the-kiwi-in-the-coalmine-as-house-prices-slump-and-repayments-rise","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=49981","title":{"rendered":"New Zealand the \u2018kiwi in the coalmine\u2019 as house prices slump and repayments rise"},"content":{"rendered":"<p>World is watching as experts warn some borrowers could soon owe more than their house is worth<\/p>\n<p>Sharply rising interest rates could put huge financial pressure on New Zealand homeowners who bought at the peak of the country\u2019s overheated housing market, economists have warned.<\/p>\n<p>Experts say New Zealand has become the \u201ckiwi in the coalmine\u201d for the world\u2019s property markets, as rising interest rates and falling house prices put some borrowers at risk of negative equity, where they owe more on their mortgage than their house is worth.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2022\/nov\/05\/new-zealand-the-kiwi-in-the-coalmine-as-house-prices-slump-and-repayments-rise\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>World is watching as experts warn some borrowers could soon owe more than their house is worthSharply rising interest rates could put huge financial pressure on New Zealand homeowners who bought at the peak of the country\u2019s overheated housing market, e&#8230;<\/p>\n","protected":false},"author":2286,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,2535,56],"tags":[],"class_list":["post-49981","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-cost-of-living-crisis","category-new-zealand"],"aioseo_notices":[],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/49981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/2286"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49981"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/49981\/revisions"}],"predecessor-version":[{"id":49982,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/49981\/revisions\/49982"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}