Mortgage Interest Rate: Flexible data was reported at 5.800 % pa in 03 Dec 2025. This stayed constant from the previous number of 5.800 % pa for 02 Dec 2025. Mortgage Interest Rate: Flexible data is updated daily, averaging 8.750 % pa from Feb 2023 (Median) to 03 Dec 2025, with 1036 observations. The data reached an all-time high of 8.750 % pa in 31 Jul 2024 and a record low of 5.800 % pa in 03 Dec 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.DL: Mortgage Interest Rate.

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.

Mortgage credit interest rate, percent in New Zealand, September, 2025 The most recent value is 5.68 percent as of September 2025, a decline compared to the previous value of 5.69 percent. Historically, the average for New Zealand from December 2004 to September 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

Key information about New Zealand Long Term Interest Rate

• New Zealand Government Bond Yield: 10 Years was reported at 4.36 % pa in Nov 2025, compared with 4.06 % pa in the previous month.
• New Zealand Long Term Interest Rate data is updated monthly, available from Jan 1985 to Nov 2025.
• The data reached an all-time high of 18.90 % pa in Mar 1986 and a record low of 0.51 % 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 2.45 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 2.25 % pa in Nov 2025.
• New Zealand Exchange Rate against USD averaged 1.73 (USD/NZD) in Oct 2025.

The benchmark interest rate in New Zealand was last recorded at 2.25 percent. This dataset provides - New Zealand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In June 2025, around **** billion New Zealand dollars were lent for residential property financing in New Zealand, with the largest share borrowed by owner-occupiers. The monthly value of residential mortgage lending in New Zealand to all borrowers reached its peak in March 2021.

New Zealand First Mortage Housing Rates data was reported at 6.910 % pa in Mar 2025. This records a decrease from the previous number of 6.920 % pa for Feb 2025. New Zealand First Mortage Housing Rates data is updated monthly, averaging 8.270 % pa from Feb 1964 (Median) to Mar 2025, with 734 observations. The data reached an all-time high of 20.500 % pa in Jun 1987 and a record low of 4.370 % pa in Jun 2021. New Zealand First Mortage Housing Rates 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.M006: Mortgage, Lending and Deposit Rates. [COVID-19-IMPACT]

In April 2025, the value of residential mortgage loans taken out to purchase or build a property in New Zealand amounted to around **** billion New Zealand dollars. That year, the majority of residential mortgage lending went to owner-occupiers where the property was not their first home.

The House Construction industry plays a vital role in New Zealand's economy, meeting a need for home ownership and rental accommodation while stimulating economic growth. A shift in housing preferences towards medium-to-high-density apartments and townhouses, reflecting an escalation in house and land prices and modern lifestyle choices, is constraining the industry’s long-term performance. Changing government policies on first-home buyer grants, mortgage payment taxation and the promotion of social housing also profoundly affect the industry's performance. During the COVID-19 pandemic, the industry benefited from strong population growth, higher household savings and record-low mortgage rates. Government measures like first-home buyer stimulus, easing loan-to-value (LTV) restrictions and Housing Acceleration Fund (HAF) investments further supported growth. Still, a hike in mortgage interest rates as the Reserve Bank of New Zealand attempted to rein in inflation has choked off housing investment in recent years and slashed new dwelling consents. Given the rollercoaster that homebuilders have been on over the past five years, industry revenue is only expected to edge up at an annualised 0.3%, to $21.0 billion, over the past five years despite contracting by an estimated 2.5% in 2024-25. While some builders thrived during a 2022-23 housing boom, industry profit margins have plummeted in recent years with slumping housing investment. Many builders saw their profit shrink amid climbing input prices and supply chain disruptions, and some builders on fixed-price contracts struggled to absorb the higher input costs. Looking ahead, homebuilders face harsh conditions over the next few years, losing ground to the Multi-Unit Apartment and Townhouse Construction industry. Mounting population pressures support constructing new accommodation, and easing mortgage interest rates will encourage investment in residential building construction and are projected to drive total dwelling consents up by an annualised 2.3%. However, continued growth in house and land prices will drive investment towards medium-to-high-density dwelling options, like duplexes, townhouses, flats and apartments. In light of this, industry revenue is forecast to fall marginally at an annualised 0.2% to $20.9 billion through the end of 2029-30.

First-home buyers in New Zealand borrowed approximately **** billion New Zealand dollars in June 2025 for residential mortgages. The highest lending value for first home buyers within the given time period was recorded in March 2021.

Mortgage credit interest rate, percent in Nouvelle-Zélande, septembre, 2025 Pour cet indicateur, Reserve Bank of New Zealand fournit des données pour la Nouvelle-Zélande de décembre 2004 à septembre 2025. La valeur moyenne pour Nouvelle-Zélande pendant cette période était de 6.39 pour cent avec un minimum de 3.64 pour cent en février 2021 et un maximum de 9.81 pour cent en avril 2008. | TheGlobalEconomy.com

The mortgage lending value to investors for residential property in New Zealand amounted to around *** billion New Zealand dollars in June 2025. Property investment fluctuated within the given period, reaching its highest lending value of around *** billion New Zealand dollars in December 2020.

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.

Demand for financial asset broking services has been mixed over the past few years. Merger and acquisition (M&A) activity peaked in 2021, spurred by digitisation trends and low interest rates. More recently, inflationary pressures and subdued business sentiment have curtailed M&A plans. Still, demand in the technology and telecommunications sectors, driven by rising interest in AI, continues to offer respite within the broader M&A landscape. Meanwhile, mortgage broking plunged along with new residential mortgage lending over the two years through 2023-24 as dwindling housing affordability weighed on mortgage uptake. However, mortgage activity has since rebounded, as successive cash rate cuts from August 2024 have improved housing affordability and stimulated property transactions. New Zealand’s small market size and strong competition from foreign exchanges, notably the ASX, constrain industry revenue and profitability expansion. Despite rocky market conditions, some segments, like capital raising, have outperformed other investment banking services. Companies seeking to fortify their balance sheets amid a harsh trading environment have bolstered capital-raising activity. Amendments to the NZX’s listing rules in January 2024 to allow accelerated non-renounceable entitlement offers (ANREOs) have provided issuers more flexibility in their fundraising activities, further stimulating capital-raising activity. This shift and mounting appetite for capital-raising activity have partly offset other segments' decline. Overall, industry revenue is expected to nosedive at an annualised 5.8% to $556.4 million over the five years through 2025-26. Nevertheless, improved mortgage uptake and a widespread recovery in the housing market are anticipated to contribute to a 2.2% revenue rise in 2025-26. Stabilising macroeconomic conditions and easing inflation are forecast to improve economic and monetary policy certainty. This environment is likely to narrow valuation gaps between targets and acquirers, supporting a moderate uptick in M&A activity. Nonetheless, heightened recession concerns fuelled by recent US reciprocal tariffs are tempering investor sentiment, limiting the overall momentum for deals. New Zealand’s smaller market size and fewer opportunities on the NZX will continue driving domestic companies to list on larger exchanges like the ASX. While upcoming reforms – like the removal of the requirement to publish prospective financial information for NZX IPOs – may help stimulate the exchange's IPO pipeline, it's unlikely to match foreign markets’ capital appeal. Meanwhile, housing market policies like partially restoring interest deductibility for residential investment loans, shortening the bright-line test and increasing land availability are poised to reignite property transactions. That’s why revenue is projected to rise at an annualised 2.9% to $643.0 million through the end of 2030-31.

The Real Estate Services industry has faced mixed conditions over recent years. Despite the recent improvement in housing supply and the piling up of inventory, prices remain elevated relative to pre-pandemic levels, offsetting revenue declines for real estate agents. A demand-supply imbalance led to historically high housing prices in 2021-22, though tighter loan-to-value ratio (LVR) regulations and heightened interest rates curbed real estate activity and weakened prices over the two years through 2023-24. The bright-line test extension in 2021 cooled speculative investment, diminishing property investors' interest. Residential property transactions plunged in 2022-23 as cost-of-living pressures and soaring borrowing expenses weighed on mortgage affordability. As inflation moderates and the official cash rate has come down since August 2024, sales volumes and demand will pick up. That's why revenue is forecast to climb 2.8% in 2024-25. However, a plunge in property transactions is why revenue is expected to have dipped at an annualised 0.4% over the five years through 2024-25 to $6.2 billion. The commercial market has faced shifting tenant preferences, particularly around remote work arrangements, contributing to elevated office vacancy rates. Nonetheless, booming demand for industrial space and interest in green buildings has yielded new opportunities. Concurrently, the widespread adoption of artificial intelligence has boosted operational efficiency for many real estate agencies, underpinning growth in their profit margins and alleviating some wage pressures. The Coalition government’s reinstatement of 80% interest deductibility for residential investment properties in April 2024, with a plan to reach 100% by April 2025, alongside the rollback of the bright-line test from 10 to 2 years, will spur investor activity and escalate property prices. These policy changes will entice property investors, expanding this market's revenue share over the coming years and benefiting real estate agencies. Consecutive cuts to the official cash rate to counter subdued economic activity will strengthen mortgage affordability and promote a resurgence in the residential property market. However, an expanding housing supply – aided by funding for social housing units and relaxed planning restrictions – will temper price escalation and slow agencies' commission growth over the coming years. Rising competition among real estate agencies and the continued adoption of digital tools, from big data analytics to advanced customer management solutions, will intensify market dynamics, creating opportunities and challenges for prospective and existing agents. Overall, revenue is forecast to climb at an annualised 2.2% over the five years through 2029-30 to $6.9 billion.

Denmark Property Price: DR: Capital Region: North Zealand (NZ) data was reported at 20,974.000 DKK/sq m in Mar 2018. This records an increase from the previous number of 20,849.000 DKK/sq m for Dec 2017. Denmark Property Price: DR: Capital Region: North Zealand (NZ) data is updated quarterly, averaging 16,474.000 DKK/sq m from Mar 1992 (Median) to Mar 2018, with 105 observations. The data reached an all-time high of 24,556.000 DKK/sq m in Dec 2006 and a record low of 5,344.000 DKK/sq m in Mar 1993. Denmark Property Price: DR: Capital Region: North Zealand (NZ) data remains active status in CEIC and is reported by Association of Danish Mortgage Banks. The data is categorized under Global Database’s Denmark – Table DK.P002: Property Price: by Region.

抵押贷款利息：灵活的在11-28-2025达5.800年利率%，相较于11-27-2025的5.800年利率%保持不变。抵押贷款利息：灵活的数据按日更新，02-02-2023至11-28-2025期间平均值为8.750年利率%，共1031份观测结果。该数据的历史最高值出现于07-31-2024，达8.750年利率%，而历史最低值则出现于11-28-2025，为5.800年利率%。CEIC提供的抵押贷款利息：灵活的数据处于定期更新的状态，数据来源于ANZ Bank New Zealand，数据归类于高频数据库的贷款利率 – Table NZ.DL: Mortgage Interest Rate。

The Land Development and Subdivision industry is crucial in the building process. Developers subdivide land into sections (blocks of land) in preparation for building construction and oversee the installation of infrastructure, including roads, street lighting and footpaths, arranging appropriate zoning permits and ensuring access to utilities like water, sewerage, gas and electricity. Much of the industry's revenue is generated from residential land development and this market is highly exposed to wide fluctuations in land prices and the volume of sales. The industry's performance peaked in 2020-21, preceded a slump in residential building activity in response to a mortgage interest rate hike and tighter bank lending practices. Weak single-unit house construction dampened the development of residential subdivisions and individual house lots, the cornerstone for most of the industry's small-scale developers. Still, robust investment in the non-residential property markets has generated opportunities for larger developers with track records working on higher-density urban land projects and extensive industrial land developments on the metropolitan fringe. Prominent developers, like The Neil Group and Todd Property, leverage their proven capacity to deliver complex commercial land developments while navigating the zoning and permits processes with local authorities. Over the five years through 2025-26, industry revenue is expected to contract at an annualised 5.6%, falling to $4.9 billion in response to the slump in investment in residential land developments. The revenue performance will continue to deteriorate marginally during 2025-26, falling by 0.5% despite some upswing in new housing investment, reflecting the need for developers to sell their existing vacant lots before embarking on new projects. Industry profit margins have narrowed as fierce price competition accompanied the slump in demand for residential land development and the excess supply of vacant lots. Going forwards, there is little scope for expansion in developing low-density residential subdivisions. Rising land prices and the push for affordable housing will focus the residential market towards constructing apartments and townhouses. Larger-scale developers will benefit from the growth in multi-unit dwelling construction and solid investment trends in the non-residential building markets. The increased demand for developing medium-to-high-density residential and commercial land will marginally outweigh the subdued trend in single-unit house construction. Over the five years through 2030-31, industry revenue is forecast to grow at an annualised 0.8% to reach $5.1 billion.

Wide cyclical fluctuation has characterised the performance of the Multi-Unit Apartment and Townhouse Construction industry over the five years through 2024-25. Despite these ups and downs, overall revenue has remained stagnant over the period, at a total of $2.7 billion. Industry revenue peaked at a record $3.7 billion in 2021-22 and has plummeted in recent years, corresponding with the sharp correction in the number of multi-unit dwelling consents issued. The anticipated decline in industry revenue by 6.5% in 2024-25 reflects the recent hike in mortgage interest rates and the winding back of government first-home buyer stimulus. Industry profitability has climbed marginally despite contracting from the 2021-22 peak, while industry participation has maintained an upwards trend as new entrants strike out in business. The shift in dwelling construction away from traditional single-unit houses and towards higher-density apartments and townhouses has underpinned the industry’s long-term performance. This partly stems from the escalation in land prices pushing investors into medium-to-high-density alternatives but also reflects the growing preferences for urban lifestyles in close proximity to transport, nightlife and other inner-city amenities. Prior to the current slump in multi-unit dwelling construction, builders enjoyed robust growth across the residential building market, corresponding with historically low interest rates, strong population growth and generous first-home buyer subsidies. The escalation in residential property prices encouraged buyers to opt for lower-cost alternatives, and the number of multi-unit dwelling consents surged to 58.1% of all consents issued in 2022-23, double the level in 2015-16 and representing accelerated long-term growth. The higher housing costs forced many New Zealanders to rent rather than buy, encouraging property developers to invest in apartments and townhouses. The Multi-Unit Apartment and Townhouse Construction industry’s performance is set to recover solidly through 2029-30, underpinned by mounting population pressures and some easing in mortgage interest rates. Investment in multi-unit dwelling construction will also be supported by the reinstatement of property tax deductions, the relaxation of tenancy laws and growing opportunities under the build-to-rent (BTR) funding model. The winding back of first-home buyer subsidies will be partly offset by the Central Government’s (Te Kawanatanga o Aotearoa) direct funding of social housing projects. Still, more households may be forced to remain in the rental market. Industry revenue is forecast to climb at an annualised 5.6 % through 2029-30 to $3.6 billion, driving higher profitability and attracting increased participation.

The price of residential property in New Zealand was the highest in the Auckland region in October 2025, with an average sale price of over *** million New Zealand dollars. The most populated city in the country, Auckland, has consistently reported higher house prices compared to most other regions. Buying property in New Zealand, particularly in its major cities, is expensive. The nation has one of the highest house-price-to-income ratios in the world. Auckland residential market The residential housing market in Auckland is competitive. Prices have been slowly decreasing although the Auckland region experienced an annual increase in the average residential house price in October 2025 compared to the same month in the previous year. The price of residential property in Auckland was the highest in the Auckland City district, with an average sale price of around **** million New Zealand dollars. Home financing Due to the rising cost of real estate, an increasing number of New Zealanders who want to own their own property are taking on mortgages. Most residential mortgage lending in New Zealand went to owner-occupier borrowers, followed by first home buyers. In addition to mortgage lending, previously under the KiwiSaver HomeStart initiative, first-home buyers in New Zealand were able to apply to withdraw all or part of their KiwiSaver retirement savings to assist with purchasing a first home. Nonetheless, the scheme was discontinued in May 2024. Furthermore, even with a large initial deposit, it may take decades for many borrowers to pay off their mortgage.