Steve Jurkovich: Kiwibank CEO says the housing market has been through a radical shift

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Recorded02 Nov 2022

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Tough times ahead for mortgage holders but they won't have to go it alone. The Reserve Bank has issued a warning about negative equity where people owe more than the value of their house. Kiwibank has around 30 to 40 customers a week asking to make changes to their mortgages, CEO Steve Jurkovich says that's not a huge proportion of their customers overall. He told Mike Hosking the housing market has been through a radical shift. Jurkovich says it went from 35 percent growth to a 15 percent drop. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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