In December 2024, the value of mortgage lending to owner-occupier borrowers (excluding first-home buyers) in New Zealand amounted to around 4.73 billion New Zealand dollars. Residential lending to investors was approximately 1.69 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 1.6 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 3.17 percent, with this rate rising to over 7.7 percent by December 2023. Nonetheless, mortgage rates showed signs of leveling out at the end of 2023, and began declining in 2024.

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 2024, the average weekly household expenditure on mortgage repayments in New Zealand came to around *** New Zealand dollars. This marked a signficant rise in average weekly mortgage repayment expenditure from the previous year.

New Zealand Loans Fully Secured By Residential Mortgage data was reported at 253,247.000 NZD mn in May 2018. This records an increase from the previous number of 251,697.000 NZD mn for Apr 2018. New Zealand Loans Fully Secured By Residential Mortgage data is updated monthly, averaging 172,114.000 NZD mn from Dec 2004 (Median) to May 2018, with 162 observations. The data reached an all-time high of 253,247.000 NZD mn in May 2018 and a record low of 99,476.000 NZD mn in Dec 2004. New Zealand Loans Fully Secured By Residential Mortgage data remains active status in CEIC and is reported by Reserve Bank of New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.KA010: Residential Mortgage Loan: Registered Banks: BBS.

This report analyses mortgage affordability in New Zealand, which is presented as the proportion of a household's monthly earnings left over after a mortgage repayment. This is calculated using the average monthly repayment for a standard 30-year loan on the median house price with a 20% deposit. An increase in the percentage indicates the average mortgage becoming more affordable for households. The data for this report is calculated from information sourced from Statistics New Zealand (Tatauranga Aotearoa) and the Reserve Bank of New Zealand (Te Putea Matua) and is presented as a percentage of average household earnings.

New Zealand Household Economic Survey: Average Weekly Household Expenditure: Others Expenditure: Interest Payment: Mortgage data was reported at 95.000 NZD in 2016. This records an increase from the previous number of 73.200 NZD for 2013. New Zealand Household Economic Survey: Average Weekly Household Expenditure: Others Expenditure: Interest Payment: Mortgage data is updated yearly, averaging 71.150 NZD from Jun 2001 (Median) to 2016, with 6 observations. The data reached an all-time high of 95.000 NZD in 2016 and a record low of 61.400 NZD in 2010. New Zealand Household Economic Survey: Average Weekly Household Expenditure: Others Expenditure: Interest Payment: Mortgage data remains active status in CEIC and is reported by Statistics New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.H010: Household Economic Survey: Average Weekly Household Expenditure.

Mortgage credit, billion currency units in New Zealand, April, 2025 The most recent value is 274.8 billion New Zealand Dollar as of April 2025, an increase compared to the previous value of 273.71 billion New Zealand Dollar. Historically, the average for New Zealand from December 2016 to April 2025 is 219.1 billion New Zealand Dollar. The minimum of 162.46 billion New Zealand Dollar was recorded in December 2016, while the maximum of 274.8 billion New Zealand Dollar was reached in April 2025. | TheGlobalEconomy.com

As of September 2023, the average home deposit for first-time buyers who had to pay a ** percent deposit in Auckland, New Zealand was ****** New Zealand dollars. For buyers who had to pay a ** percent deposit for a house in Auckland, the average was ******* New Zealand dollars.

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.

CEIC calculates monthly Long Term Interest Rate from daily 10 year Government Bond Yield. The Reserve Bank of New Zealand provides 10 year Treasury Bond Yield. Long Term Interest Rate prior to March 1985 is sourced directly from Reserve Bank of New Zealand.. The ten-year benchmark for New Zealand Government bonds with a fixed interest coupon paid semi-annually in arrears. The bonds are redeemable at par on maturity.


Related information about New Zealand Long Term Interest Rate

• 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.

The benchmark interest rate in New Zealand was last recorded at 3.25 percent. This dataset provides - New Zealand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The real interest rate in New Zealand decreased by *** percentage points (-****** percent) in 2018 in comparison to the previous year. As a result, the real interest rate in New Zealand saw its lowest number in 2018 with -**** percent. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.Find more statistics on other topics about New Zealand with key insights such as market capitalization of listed domestic companies.

家庭经济调查：平均每周家庭支出：其他支出：利息支付：抵押贷款在06-01-2016达95.000新西兰元，相较于06-01-2013的73.200新西兰元有所增长。家庭经济调查：平均每周家庭支出：其他支出：利息支付：抵押贷款数据按年更新，06-01-2001至06-01-2016期间平均值为71.150新西兰元，共6份观测结果。该数据的历史最高值出现于06-01-2016，达95.000新西兰元，而历史最低值则出现于06-01-2010，为61.400新西兰元。CEIC提供的家庭经济调查：平均每周家庭支出：其他支出：利息支付：抵押贷款数据处于定期更新的状态，数据来源于Statistics New Zealand，数据归类于Global Database的新西兰 – 表 NZ.H010：家庭经济调查：平均每周家庭支出。