| Previous years: | Monthly: | ||||||
|---|---|---|---|---|---|---|---|
| May 2018 | May 2019 | Jan 2020 | Feb 2020 | Mar 2020 | Apr 2020 | May 2020 | |
| Total lending ($million) | |||||||
| All borrower types | 6,592 | 6,470 | 4,714 | 5,579 | 6,181 | 2,749 | 4,318 |
| First home buyer | 1,116 | 1,150 | 889 | 938 | 1,137 | 484 | 801 |
| Other owner occupier | 3,844 | 4,113 | 2,811 | 3,448 | 3,667 | 1,659 | 2,586 |
| Investor | 1,561 | 1,140 | 951 | 1,135 | 1,319 | 561 | 895 |
| Business purposes | 71 | 68 | 63 | 58 | 58 | 45 | 36 |
| Higher than 80% LVR lending ($million) | |||||||
| All borrower types | 556 | 707 | 508 | 562 | 624 | 272 | 515 |
| First home buyer | 376 | 480 | 358 | 371 | 433 | 196 | 355 |
| Other owner occupier | 171 | 222 | 144 | 186 | 184 | 74 | 153 |
| Investor | 9 | 5 | 6 | 4 | 6 | 1 | 5 |
| Business purposes | 0 | 0 | 0 | 2 | 1 | 0 | 0 |
| Less than or equal to 80% LVR lending ($million) | |||||||
| All borrower types | 6,036 | 5,764 | 4,206 | 5,017 | 5,557 | 2,477 | 3,803 |
| First home buyer | 740 | 670 | 531 | 567 | 704 | 288 | 445 |
| Other owner occupier | 3,673 | 3,891 | 2,667 | 3,262 | 3,482 | 1,585 | 2,432 |
| Investor | 1,552 | 1,135 | 945 | 1,131 | 1,313 | 559 | 890 |
| Business purposes | 71 | 68 | 63 | 56 | 58 | 45 | 36 |
| MEMO ITEM: Lending to investors ($million) | |||||||
| Total lending | 1,561 | 1,140 | 951 | 1,135 | 1,319 | 561 | 895 |
| Higher than 70% LVR lending | 217 | 152 | 139 | 159 | 190 | 84 | 134 |
| Less than or equal to 70% LVR lending | 1,343 | 988 | 812 | 976 | 1,128 | 477 | 762 |
Registered banks provide data on new residential mortgage lending commitments during a reference month with a breakdown by loan-to-valuation ratio (LVR) and borrower type. Borrowers are classified as first home buyers, other owner-occupiers, investor or those borrowing for business purposes.
Monthly
Data is published 18 working days after the end of the reference month.
The Statistics Release Calendar provides a long-term plan of scheduled releases. It is updated and released on the first working day of the month.
View the Statistics Release Calendar
Data is collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).
Read the Reserve Bank of New Zealand Act 1989.
The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.
Provisional data are italicised. Data are deemed provisional when a series is under review. New data, or revised data, are in bold font. This applies to the summary table only and not excel files. Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a special note is posted on the website. Any major changes in methodology will be posted as a special note.
Data on new residential mortgage lending commitments by loan-to-valuation ratio (LVR) is published in C30.
Total value of monthly committed residential mortgage loans, which are finalised offers to customers to provide mortgage loans or to increase the loan value of an existing mortgage loan, as evidenced by the loan documents provided to the borrower.
Monthly value of committed residential mortgage lending, where the loan-to-valuation ratio (LVR) is above 80%.
Monthly value of committed residential mortgage lending, where the loan-to-valuation ratio (LVR) is 80% or below.
Monthly value of committed residential mortgage lending, where the loan-to-valuation ratio (LVR) is above 70%. This data is published for investors only.
Monthly value of committed residential mortgage lending, where the loan-to-valuation ratio (LVR) is 70% or below. This data is published for investors only.
Total number of monthly committed residential mortgage loans, which are finalised offers to customers to provide mortgage loans or to increase the loan value of an existing mortgage loan, as evidenced by the loan documents provided to the borrower.
Monthly number of committed residential mortgage loans, where the loan-to-valuation ratio (LVR) is above 80%.
Monthly number of committed residential mortgage loans, where the loan-to-valuation ratio (LVR) is 80% or below.
Monthly number of committed residential mortgage loans, where the loan-to-valuation ratio (LVR) is above 70%. This data is published for investors only.
Monthly number of committed residential mortgage loans, where the loan-to-valuation ratio (LVR) is 70% or below. This data is published for investors only.
A first home buyer is a borrower entering the home ownership market in New Zealand for the first time. In the case of more than one borrowing parties to a loan, borrowers are classified as first home buyers only if none of the borrowing parties have previously drawn down on housing finance for owner occupation. If the borrower, or at least one borrowing party, has previously drawn down on housing finance for owner occupation they are classified as "other Owner Occupier".
Other owner occupiers are borrowers (other than first home buyers) who own or are in the process of buying or building the house or flat they will live in. An owner can occupy more than one property e.g. a family home and a holiday home.
Investors are entities or persons borrowing for the purpose of building or purchasing residential property to rent. The borrower is securing the loan on a non owner occupied property i.e. the borrower does not intend to live in the property for which they are seeking finance.
These commitments are made to borrowers in the form of a residential mortgage loan but are intended for business purposes.
Key points – May 2020
Today’s Loan to Value Ratio release includes an attached PDF file “LVR key points – May 2020”. The file highlights some of the data impacted by COVID-19 and policy responses.
Updated C30 data table
Today the Reserve Bank introduces an updated data table (C30) to reflect the LVR changes that came into effect on 1 May 2020. A historical file containing data relating to the previous policy will still be available but will no longer be updated.
If you have any questions please contact us at stats-info@rbnz.govt.nz.
25th June 2020
| 0 | Zero or value rounded to zero |
| - | Not applicable |
| .. | Not available |
| bold | Revised/new |
| italics | Provisional |
| light red background | Historical |