|Mar 2017||Mar 2018||Jun 2018||Sep 2018||Dec 2018||Mar 2019|
|Total lending ($ million)|
|+ Interest charged||2,781||2,870||2,939||2,993||3,023||2,921|
|- Scheduled repayments||3,982||4,118||4,288||4,316||4,454||4,359|
|- Repayment of loan in full||7,651||7,778||9,779||9,181||10,361||7,993|
|- Other excess repayments||3,546||3,296||3,761||3,611||3,917||3,168|
|+ Repayment deficiencies||79||67||89||69||94||86|
|- Net write-offs||4||2||5||3||4||2|
|+ Other adjustments||33||28||1||29||-655||-46|
|= Closing position||233,272||246,752||250,669||254,031||256,984||260,823|
Registered banks provide data on residential mortgage loan flows to reconcile an opening stock position to a closing stock position during a reference quarter.
18 working days following the end of the reference quarter.
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 residential mortgage lending is also published in:
This data may differ from other published data on residential mortgage lending due to variations by some banks in the treatment of business loans secured by residential property and reverse residential mortgage loans.
A loan secured by a first ranking mortgage over a residential property used primarily for residential purposes either by the mortgagor or a tenant of the mortgagor. A loan is not classified as a residential mortgage loan if:
Residential mortgage loan is formally defined in BS19 (referring to BS2A/B).
Opening value of on balance sheet residential mortgage loans at the start of the quarter. The opening position for this quarter is equal to the closing position of the previous quarter.
Closing value of on balance sheet residential mortgage loans at the end of the quarter.
For revolving credit loans only the drawn amount appears in the opening and closing position.
The opening and closing value of on balance sheet residential mortgage loans may vary from other published residential mortgage lending statistics due to minor variations by some banks in the treatment of business loans secured by residential property.
New loan amounts drawn down during the quarter and any increases (e.g. loan top-up amounts) drawn down on existing loans. In the case of revolving credit loans a net increase in the value of the loan during the quarter is reported as a drawdown.
Total interest charged on outstanding loan balances during the current quarter whether or not it is actually received from the borrower.
Total value of expected principal and interest repayments contractually due during the quarter whether or not the repayments were actually received from the borrower.
Loans that are repaid in full during the quarter. Repayment of loans in full includes house sales and switching between banks.
Loans where actual repayments were greater than scheduled repayments. Records the amount that actual repayments exceeded those that were scheduled. In the case of revolving credit loans a net decrease in the value of the loan during the quarter is reported as an excess repayment.
Loans where actual repayments were less than scheduled repayments. Records the amount that actual repayments were less than scheduled repayments (interest and principal).
Loans written-off during the period less the amount recovered from any previously written-off loans recovered during the quarter.
Other adjustments to the outstanding loan balance (e.g. securitisation of loans, exchange rate valuation adjustments, capitalised loan fees and changes in the purpose of the loan). Also included are adjustments for customers migrating between loan-to-valuation ratio bands as a result, for example, of additional lending or paying down their mortgage.
Residential mortgage loans, where the loan-to-valuation ratio is above 80%.
Residential mortgage loans, where the loan-to-valuation ratio is 80% or below.
|0||Zero or value rounded to zero|
|light red background||Historical|