As of December 2024, the average interest rate for a new standard 1-year residential mortgage in New Zealand was *** percent. In comparison, the average 5-year interest rate for a residential mortgage was **** percent. Average interest rates for new standard residential mortgages in the country started to trend upward from mid-2021. Rates peaked toward the end of 2023 and have begun trending downward.

The benchmark interest rate in New Zealand was last recorded at 2.50 percent. This dataset provides - New Zealand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about New Zealand Long Term Interest Rate

• New Zealand Government Bond Yield: 10 Years was reported at 4.58 % pa in Feb 2025, compared with 4.55 % pa in the previous month.
• New Zealand Long Term Interest Rate data is updated monthly, available from Jan 1985 to Feb 2025.
• The data reached an all-time high of 18.90 % pa in Mar 1986 and a record low of 0.46 % pa in Sep 2020.
• Long Term Interest Rate is reported by reported by Reserve Bank of New Zealand.

• In the latest reports, New Zealand Short Term Interest Rate: Month End: New Zealand: Bank Accepted Bills: 90 Days was reported at 5.71 % pa in Jun 2023.
• The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 5.50 % pa in Jun 2023.
• New Zealand Exchange Rate against USD averaged 1.63 (USD/NZD) in Jun 2023.

In 2018, the real interest rate in New Zealand stood at ***** percent. Between 1998 and 2018, the figure dropped by **** percentage points, though the decline followed an uneven course rather than a steady trajectory.

Mortgage credit interest rate, percent in New Zealand, June, 2025 The most recent value is 5.84 percent as of June 2025, a decline compared to the previous value of 5.94 percent. Historically, the average for New Zealand from December 2004 to June 2025 is 6.39 percent. The minimum of 3.64 percent was recorded in February 2021, while the maximum of 9.81 percent was reached in April 2008. | TheGlobalEconomy.com

In June 2025, the value of mortgage lending to owner-occupier borrowers (excluding first-home buyers) in New Zealand amounted to around **** billion New Zealand dollars. Residential lending to investors was approximately *** billion New Zealand dollars in comparison. Housing affordability in New Zealand Many people across New Zealand have discarded the homeownership dream due to the country’s unaffordable housing supply. While average residential house prices fell across some of New Zealand’s regions in 2024, first-home buyers are still largely priced out of the market due to high mortgage repayments, interest rates, and average home deposit values. The monthly residential mortgage lending value to first-home buyers in New Zealand in December 2024 came to around *** billion New Zealand dollars, marking a slight rise from the previous month. The highest monthly value of mortgage lending to first-home buyers across the country was recorded in March 2021, during a year when average residential mortgage rates were at their lowest. Where are residential mortgage interest rates heading? According to a survey conducted in May 2023, rising interest rates were the leading property market concern among New Zealanders, with over 54 percent of respondents expressing their concern. New Zealand’s average new residential mortgage interest rates were at their lowest in 2021 but have inflated greatly over the past few years. In June 2021, the average 1-year fixed interest rate for a new standard residential mortgage in New Zealand was at **** percent, with this rate rising to over *** percent by December 2023. Nonetheless, mortgage rates showed signs of leveling out at the end of 2023, and began declining in 2024.

Deposit Interest Rate in New Zealand increased to 4.15 percent in August from 4.14 percent in July of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in New Zealand.

New Zealand: Interest rates on bank credit to the private sector: The latest value from 2017 is 4.76 percent, a decline from 5.02 percent in 2016. In comparison, the world average is 11.18 percent, based on data from 129 countries. Historically, the average for New Zealand from 1998 to 2017 is 6.9 percent. The minimum value, 4.76 percent, was reached in 2017 while the maximum of 8.99 percent was recorded in 1998.

Mortgage Interest Rate: Flexible data was reported at 6.800 % pa in 18 May 2025. This stayed constant from the previous number of 6.800 % pa for 17 May 2025. Mortgage Interest Rate: Flexible data is updated daily, averaging 8.600 % pa from Feb 2023 (Median) to 18 May 2025, with 837 observations. The data reached an all-time high of 8.750 % pa in 31 Jul 2024 and a record low of 6.800 % pa in 18 May 2025. Mortgage Interest Rate: Flexible data remains active status in CEIC and is reported by ANZ Bank New Zealand. The data is categorized under High Frequency Database’s Lending Rates – Table NZ.DL001: Mortgage Interest Rate.

Global interest rate (net - net), for options, new zealand dollar, total (all currencies), total (all maturities), total (all counterparties), All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), turnover - notional amounts (daily average)

Global interest rate, short-term, options, total, New Zealand Dollar, on All exchanges, turnover - notional amounts (daily average), Monthly

Interbank Rate in New Zealand decreased to 2.73 percent on Monday October 6 from 2.74 in the previous day. This dataset provides - New Zealand Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Global interest rate, all instruments, New Zealand Dollar, on All exchanges, turnover - notional amounts (daily average), Monthly

The yield on New Zealand 10Y Bond Yield eased to 4.19% on October 8, 2025, marking a 0.05 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.14 points and is 0.13 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. New Zealand 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on October of 2025.

Inflation Rate in New Zealand increased to 2.70 percent in the second quarter of 2025 from 2.50 percent in the first quarter of 2025. This dataset provides - New Zealand Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Global interest rate (net - gross), for interest rate swaps, total (all currencies), total (all currencies), total (all maturities), total (all counterparties), New Zealand, All countries (total), total (all ratings), total (all sectors), total (all methods), turnover - notional amounts (daily average)

Global interest rate (net - net), for overnight indexed swaps, new zealand dollar, total (all currencies), total (all maturities), total (all counterparties), All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), turnover - notional amounts (daily average)