| Previous years: | Monthly: | ||||||
|---|---|---|---|---|---|---|---|
| Feb 2016 | Feb 2017 | Oct 2017 | Nov 2017 | Dec 2017 | Jan 2018 | Feb 2018 | |
| Total lending ($million) | |||||||
| All borrower types | 5,166 | 4,379 | 4,605 | 5,293 | 5,092 | 3,696 | 4,667 |
| First home buyer | 591 | 591 | 722 | 778 | 767 | 564 | 727 |
| Other owner occupier | 2,855 | 2,720 | 2,789 | 3,330 | 3,199 | 2,317 | 2,854 |
| Investor | 1,640 | 1,024 | 1,050 | 1,136 | 1,066 | 783 | 1,038 |
| Business purposes | 80 | 43 | 45 | 49 | 60 | 32 | 48 |
| Higher than 80% LVR lending ($million) | |||||||
| All borrower types | 441 | 280 | 306 | 315 | 337 | 248 | 362 |
| First home buyer | 195 | 140 | 186 | 173 | 197 | 146 | 222 |
| Other owner occupier | 214 | 131 | 115 | 136 | 133 | 100 | 135 |
| Investor | 31 | 9 | 5 | 6 | 7 | 3 | 4 |
| Business purposes | 2 | 0 | 0 | 1 | 0 | 0 | 0 |
| Less than or equal to 80% LVR lending ($million) | |||||||
| All borrower types | 4,725 | 4,098 | 4,299 | 4,978 | 4,755 | 3,448 | 4,305 |
| First home buyer | 396 | 451 | 535 | 604 | 570 | 418 | 505 |
| Other owner occupier | 2,641 | 2,589 | 2,674 | 3,194 | 3,066 | 2,218 | 2,719 |
| Investor | 1,609 | 1,015 | 1,045 | 1,131 | 1,059 | 780 | 1,034 |
| Business purposes | 79 | 43 | 45 | 49 | 60 | 31 | 48 |
| MEMO ITEM: Lending to investors ($million) | |||||||
| Total lending | 1,640 | 1,024 | 1,050 | 1,136 | 1,066 | 783 | 1,038 |
| Higher than 70% LVR lending | 560 | 120 | 114 | 123 | 133 | 85 | 138 |
| Less than or equal to 70% LVR lending | 1,080 | 905 | 935 | 1,013 | 933 | 698 | 900 |
The Data: Coverage, Periodicity, and Timeliness |
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Coverage characteristics |
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. |
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Periodicity |
Monthly |
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Timeliness |
Data is published 18 working days after the end of the reference month. |
Access by the public |
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Statistics release calendar |
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. |
Integrity |
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Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses |
Data are collected under Section 93 of The Reserve Bank of New Zealand Act 1989. The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data remains confidential. |
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Provision of information about revisions and advance notice of major changes in methodology |
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. |
Quality |
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Dissemination of statistics that support statistical cross-check and provide assurance of reasonableness |
Data on new residential mortgage lending commitments by loan-to-valuation ratio (LVR) is published in C30. |
Lending ($ millions) |
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Total lending |
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. |
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Higher than 80% LVR lending |
Monthly value of committed residential mortgage lending, where the loan-to-valuation ratio (LVR) is above 80%. |
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Less than or equal to 80% LVR lending |
Monthly value of committed residential mortgage lending, where the loan-to-valuation ratio (LVR) is 80% or below. |
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Higher than 70% LVR lending |
Monthly value of committed residential mortgage lending, where the loan-to-valuation ratio (LVR) is above 70%. This data is published for investors only. |
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Less than or equal to 70% LVR lending |
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. |
Borrowers (number) |
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Total borrowers |
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. |
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Higher than 80% LVR borrowers |
Monthly number of committed residential mortgage loans, where the loan-to-valuation ratio (LVR) is above 80%. |
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Less than or equal to 80% LVR borrowers |
Monthly number of committed residential mortgage loans, where the loan-to-valuation ratio (LVR) is 80% or below. |
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Higher than 70% LVR borrowers |
Monthly number of committed residential mortgage loans, where the loan-to-valuation ratio (LVR) is above 70%. This data is published for investors only. |
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Less than or equal to 70% LVR borrowers |
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. |
Borrower type |
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First home buyer |
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". |
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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. |
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Investor |
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. |
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Business purposes |
These commitments are made to borrowers in the form of a residential mortgage loan but are intended for business purposes. |
| 0 | Zero or value rounded to zero |
| - | Not applicable |
| .. | Not available |
| bold | Revised/new |
| italics | Provisional |
| light red background | Historical |