Older Kiwis owe more for second properties than for their own homes. The average loan owed by those aged 25 to 44 years for a house they lived in was $145,000, dropping to $107,000 for those aged between 45 and 64, according to new figures from Statistics New Zealand for 2014/15. Kiwis between 45 and 64 were more likely to owemoney for other real estate than for their own homes. For the wider 25 to 64-year-old bracket, a third of people had a loan on a property they lived in. However, real estate loans were ‘‘well offset’’ against property values, with 29 cents of debt for every dollar of real estate assets. Half of all Kiwis had a debt, owing on average $79,000. Younger Kiwis had the highest debt levels, with those between 15 and 24 owing 47 cents for every dollar of assets.