As I have been warning for several years already, the inevitable is upon us and is predicted to get steadily even worse this coming year, especially for those with high levels of debt.

The ANZ is predicting the Official Cash Rate that that drives higher interest rates to increase to 5.75% shortly and then again to 6% mid-year.

https://www.nzherald.co.nz/business/grim-warning-anz-picks-two-more-reserve-bank-rate-hikes-ahead/KK35EIGCIVBUDIRFRJYUABAHPE

Brace yourselves