Mortgage lending
New Zealanders forked out just over $29 billion in mortgage payments in the September year
Banks may be facing some leaner times as new mortgage lending declines
Low equity mortgages helping to prop up first home buyer activity, Reserve Bank data suggests
Low equity mortgages helping to prop up first home buyer activity, Reserve Bank data suggests
Although it fell year-on-year, New Zealanders were still charged $4.8 billion of interest on residential mortgages in Q2 this year
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Although it fell year-on-year, New Zealanders were still charged $4.8 billion of interest on residential mortgages in Q2 this year
More than half the $1.68 billion approved for first home buyer mortgages in May was for low equity loans
More than half the $1.68 billion approved for first home buyer mortgages in May was for low equity loans
Mortgage top ups accounted for nearly half of new mortgage approvals in April
Mortgage top ups accounted for nearly half of new mortgage approvals in April
First home buyer activity is flat but record numbers are taking out low equity mortgages to get into homes of their own
First home buyer activity is flat but record numbers are taking out low equity mortgages to get into homes of their own
NZ Banking Association says 15,000 first home buyers took out mortgages in first half of year with an average loan size of $507,690
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NZ Banking Association says 15,000 first home buyers took out mortgages in first half of year with an average loan size of $507,690
Shortcomings in the Reserve Bank's current mortgage lending database should be resolved by new reporting system currently being developed
Shortcomings in the Reserve Bank's current mortgage lending database should be resolved by new reporting system currently being developed
First home buyers aren't paying more to get a home of their own but more of them are taking out low equity mortgages
First home buyers aren't paying more to get a home of their own but more of them are taking out low equity mortgages
Latest figures suggest about 5000 people a month are moving into a home of their own for the first time
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Latest figures suggest about 5000 people a month are moving into a home of their own for the first time
Banks are lending more to first home buyers with less than a 20% deposit
The average prices being paid by first home buyers have declined slightly over winter
There are early signs that first home buyer activity could be starting to stabilise
NZ has a long-running housing crisis, house prices have outstripped incomes since the early 2000s. But more than just housing supply and subsidies, we also need policies to make homes affordable and a long-term, apolitical programme for social housing
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NZ has a long-running housing crisis, house prices have outstripped incomes since the early 2000s. But more than just housing supply and subsidies, we also need policies to make homes affordable and a long-term, apolitical programme for social housing