Taranaki Property Investors' Association

taranaki@nzpif.dev.nzpif.org.nz

Members of an NZPIF Association may log in here for additional tools and resources.

Please enter your email address and password

Password Reset
Never had a Password?
Take me to the Admin Login

News & Updates

Recent updates

27-11-2014

New mortgage lending data by borrower type.

  1. News
  2. 2014
  3. November

In support of the loan to value (LVR) restrictions introduced in October of 2013, the Reserve Bank implemented a monthly survey of banks to collect data on new mortgage lending by loan-to-valuation ratios. Over time the monthly LVR data collection has been extended to include information on borrower types. Borrowers are classified as first home buyers, other owner-occupiers, investors or those borrowing for business purposes.

Today the Reserve Bank publishes new statistics (table C31) on new mortgage lending broken down by borrower type. The data is available starting from the August 2014 month.

New mortgage lending includes borrowing for purchasing houses, loan top-ups to existing home owners, switching of mortgages between banks and small businesses borrowing on their mortgage.

C31 New Residential Mortgage Lending by Borrower type
           
   

 

  
   

Aug 2014

Sep 2014

Oct 2014

  

Total lending ($million)

          

All borrower types

  

4,024

4,264

4,884

  

    First home buyer

  

392

430

465

  

    Other owner occupier

  

2,403

2,541

2,918

  

    Investor

  

1,167

1,226

1,421

  

    Business purposes

  

62

67

80

  
           

Higher than 80% LVR lending ($million)

          

All borrower types

  

311

359

418

  

    First home buyer

  

105

120

120

  

    Other owner occupier

  

175

198

242

  

    Investor

  

29

38

52

  

    Business purposes

  

1

3

4

  
           

Less than or equal to 80% LVR lending ($million)

          

All borrower types

  

3,713

3,906

4,467

  

    First home buyer

  

287

311

345

  

    Other owner occupier

  

2,228

2,343

2,676

  

    Investor

  

1,138

1,188

1,369

  

    Business purposes

  

61

64

76

  
           

Total borrowers (number)

          

All borrower types

  

23,358

24,537

27,265

  

    First home buyer

  

1,277

1,462

1,704

  

    Other owner occupier

  

17,427

18,404

20,235

  

    Investor

  

4,177

4,212

4,830

  

    Business purposes

  

477

459

496

  
           

Higher than 80% LVR borrowers (number)

          

All borrower types

  

1,373

1,424

1,644

  

    First home buyer

  

347

391

447

  

    Other owner occupier

  

869

855

965

  

    Investor

  

150

170

220

  

    Business purposes

  

7

8

12

  
           

Less than or equal to 80% LVR borrowers (number)

          

All borrower types

  

21,985

23,113

25,621

  

    First home buyer

  

930

1,071

1,257

  

    Other owner occupier

  

16,558

17,549

19,270

  

    Investor

  

4,027

4,042

4,610

  

    Business purposes

  

470

451

484

  
           
           

Last updated 26 November 2014

Source: Reserve Bank of New Zealand

Tags: reserve bank