| Previous years: | Monthly: | ||||||
|---|---|---|---|---|---|---|---|
| May 2024 | May 2025 | Jan 2026 | Feb 2026 | Mar 2026 | Apr 2026 | May 2026 | |
| Total lending ($million) | |||||||
| All purposes | 6,909 | 8,583 | 6,028 | 6,635 | 9,498 | 7,988 | 8,628 |
| Top ups | 788 | 1,045 | 589 | 842 | 1,117 | 1,011 | 1,061 |
| Property purchases | 4,180 | 5,088 | 3,116 | 3,956 | 5,658 | 4,689 | 4,959 |
| Changes in loan provider | 1,655 | 2,183 | 2,036 | 1,481 | 2,197 | 1,875 | 2,171 |
| Other | 285 | 268 | 288 | 356 | 527 | 413 | 437 |
| Higher than 80% LVR lending ($million) | |||||||
| All purposes | 752 | 1,024 | 839 | 981 | 1,378 | 1,173 | 1,249 |
| Top ups | 5 | 9 | 10 | 13 | 32 | 35 | 19 |
| Property purchases | 715 | 968 | 787 | 905 | 1,266 | 1,067 | 1,140 |
| Changes in loan provider | 20 | 29 | 26 | 29 | 45 | 41 | 54 |
| Other | 12 | 18 | 15 | 34 | 35 | 29 | 36 |
| Less than or equal to 80% LVR lending ($million) | |||||||
| All purposes | 6,156 | 7,560 | 5,189 | 5,654 | 8,121 | 6,815 | 7,379 |
| Top ups | 783 | 1,036 | 578 | 829 | 1,085 | 976 | 1,042 |
| Property purchases | 3,465 | 4,120 | 2,329 | 3,050 | 4,392 | 3,622 | 3,819 |
| Changes in loan provider | 1,635 | 2,153 | 2,010 | 1,453 | 2,152 | 1,834 | 2,117 |
| Other | 273 | 250 | 273 | 322 | 491 | 384 | 401 |
The data: coverage, periodicity, and timeliness
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 purpose. Purpose categories include top ups, property purchases, changes in loan provider, and other commitments.
View the Register of registered banks in New Zealand
Periodicity
Monthly.
Timeliness
We publish data 18 working days after the end of the reference month.
Access by the public
Statistics release calendar
The statistics release calendar provides a long-term plan of scheduled releases. We update and release it on the first working day of the month.
View the statistics release calendar
Integrity
Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses
We collect data under Section 36 of the Reserve Bank of New Zealand Act 1989 (the Act).
Read the Reserve Bank of New Zealand Act 1989
We only publish aggregated data. Individual institutional data is confidential.
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. We generally publish revisions when we update and release the next table. Should we need to make revisions more promptly, we will post a special note on the website. We also post any major changes in methodology as a special note.
Quality
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)
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.
Higher than 80% LVR lending
Monthly value of committed residential mortgage lending, where the loan-to-valuation ratio (LVR) is above 80%.
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.
Borrowers (number)
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.
NOTE: Borrower numbers by loan purpose will at times not reconcile with total borrower numbers. This is because multiple loan purposes can be reported for a single loan commitment.
Higher than 80% LVR borrowers
Monthly number of committed residential mortgage loans, where the loan-to-valuation ratio (LVR) is above 80%.
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.
Purpose
Top ups
Top ups are increases in lending (regardless of purpose) to an existing residential mortgage loan where the underlying security has not changed but may be revalued and/or additional security may be provided.
Property purchases
Residential mortgage loans taken out to purchase or build a property. This includes for example, first home buyers, other owner occupiers who purchase a second property and investors.
Changes in loan provider
Residential mortgage loans taken out to refinance an existing residential mortgage from another bank or non-bank lender, regardless of whether the value of the loan has changed during the transfer.
Other commitments
Residential mortgage commitments that do not meet the definitions for top-ups, property purchases, or changes in loan provider as described above.
Some examples of commitments that may fall into the other category include:
- The use of an unencumbered property as security for a new loan, regardless of the loan purpose.
- Instances where mortgage interest is capitalised (e.g. mortgage holidays).
All new commitments involving bridging finance, including both open and closed bridging finance, are reported under the “other” purpose category. This includes all multipurpose loans with a bridging component, even if bridging finance is not the predominant purpose of that loan.
Symbols and conventions for summary table
| Symbol or convention | Definition |
|---|---|
| 0 | Zero or value rounded to zero |
| - | Not applicable |
| .. | Not available |
| bold | Revised/new |
| italics | Provisional |
| Light grey background | Historical |
General notes
- Individual figures may not sum to the totals due to rounding
- Percentage changes are calculated on unrounded numbers
- You are free to copy, distribute and adapt these statistics subject to the conditions listed on our copyright page.