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.

Lending interest rate (%) in New Zealand was reported at 0 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - Lending interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

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

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.

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.

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]

New Zealand Deposit Rate: 6 Months data was reported at 4.260 % pa in Mar 2025. This records a decrease from the previous number of 4.390 % pa for Feb 2025. New Zealand Deposit Rate: 6 Months data is updated monthly, averaging 5.550 % pa from Mar 1965 (Median) to Mar 2025, with 545 observations. The data reached an all-time high of 18.000 % pa in Jul 1987 and a record low of 0.820 % pa in Jun 2021. New Zealand Deposit Rate: 6 Months 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]

Interest rate spread (lending rate minus deposit rate, %) in New Zealand was reported at --3.2617 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - Interest rate spread (lending rate minus deposit rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Bank Lending Rate in New Zealand increased to 10.97 percent in July from 10.95 percent in June of 2025. This dataset provides - New Zealand Base Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mortgage credit interest rate, percent in Nouvelle-Zélande, juin, 2025 Pour cet indicateur, Reserve Bank of New Zealand fournit des données pour la Nouvelle-Zélande de décembre 2004 à juin 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

Non-banks and other financial institutions' assets have grown relatively steadily over the past few years, but revenue has fluctuated considerably. Despite the Reserve Bank of New Zealand (RBNZ), or Te Putea Matua, easing loan-to-value ratio (LVR) lending restrictions from June 2023, major banks still grappled with high LVR lending restrictions and tight lending standards. For this reason, households are turning to non-bank lenders for finance. Previously, official cash rates (OCR) were kept low, which curbed non-banks' expansion. Yet, to combat inflation, the RBNZ raised the OCR to a rate not seen since October 2008. Consequently, non-bank lenders were able to expand their loan portfolios by increasing their interest expenses and capitalising on higher net interest margins. Revenue is expected to rise at an annualised 14.8% to $1.76 billion over the five years through 2025-26. As interest rates have started to drop since August 2024, non-bank lenders have faced renewed pressure on their profit margins, as lower rates tend to compress the spread between lending and funding costs. For this reason, revenue is expected to drop by 1.8% in 2025-26. Additional competition in the industry, brought on by the arrival of fintech powerhouses like Revolut, has constrained profit margins. Larger non-banks and financiers have used acquisitions as a means to grow their market shares. For example, UDC Finance agreed to purchase the Bank of Queensland's New Zealand assets and loan book in February 2024, and MTF acquired Lending People in January 2023. As interest rates drop, technology will become increasingly vital in maintaining non-bank financial institutions' profitability and competitive edge. Integrating advanced technologies can streamline services, enhance efficiency, increase scalability and improve the precision of financial procedures, proving essential in preserving robust profit margins. Heightened regulatory capital requirements, which are set to continue, will impact registered banks and will provide non-bank lenders with more opportunities to garner a larger slice of the mortgage market. Overall, revenue is forecast to rise at an annualised 2.8% over the five years through 2030-31 to $2.02 billion.

Risk premium on lending (lending rate minus treasury bill rate, %) in New Zealand was reported at --1.7108 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - Risk premium on lending (prime rate minus treasury bill rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Driven by mortgage lending as their largest revenue stream, New Zealand’s banks maintain robust revenues despite cooling property prices. The RBNZ's rate hikes from 0.25% in 2020 to 4.25% in 2024 boosted mortgage interest income. While foreign investment and tight inventories keep real estate prices afloat, technology upgrades and regulations add cost pressures for major banks, squeezing profit margins. After slow revenue from 2020 to 2022 resulting from low interest rates and reduced mortgage revenue, banks found growth in 2023 and 2024, with heightened interest rates raising mortgage revenue. However, a drop-off is expected in 2025 as rate hikes make themselves felt, the actual volumes of mortgages lower and defaults rise with cost-of-living pressures. Overall, industry revenue has risen at an annualised 1.1% over the past five years and is expected to total $31.1 billion in 2024-25, when revenue will drop by an estimated 29.9%. Beyond mortgages, banks face challenges from shifting agricultural lending and evolving regulations like the Deposit Takers Act and the CoFI legislation. Dairy price volatility, land-use changes and more rigorous oversight have subdued traditional farm loan activity. In response, major banks – ANZ, ASB, BNZ and Westpac – are modernising their operations with machine learning, enhanced cybersecurity, fintech developments and updated banking apps. These initiatives aim to elevate customer engagement and ensure compliance but also increase costs and complexity. Looking ahead, heightened capital requirements will push large banks to raise equity, while open banking regulations spur data-sharing and fintech collaborations. Institutions are accelerating investments in cloud systems and analytics for greater efficiency and resilience. Simultaneously, sustainability commitments grow, driving innovative loan products and improving public trust. Although margins remain tight and interest-rate volatility persists, banks balancing prudent lending with technological and sustainable strategies are poised for a moderate recovery. Industry revenue is projected to climb at an annualised 2.5% through 2029-30, reaching $35.2 billion.

The price of residential property in New Zealand was the highest in the Auckland region in June 2025, with an average sale price of around ******* 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; the Auckland region experienced an annual decrease in the average residential house price in March 2025 compared to the same month in the previous year. The price of residential property in Auckland was the highest in the North Shore 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.

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.

抵押贷款利息：灵活的在05-18-2025达6.800年利率%，相较于05-17-2025的6.800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05-18-2025期间平均值为8.600年利率%，共837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05-18-2025，为6.800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.DL001: Mortgage Interest Rate。

第一抵押贷款住房利率在03-01-2025达6.910年利率%，相较于02-01-2025的6.920年利率%有所下降。第一抵押贷款住房利率数据按月更新，02-01-1964至03-01-2025期间平均值为8.270年利率%，共734份观测结果。该数据的历史最高值出现于06-01-1987，达20.500年利率%，而历史最低值则出现于06-01-2021，为4.370年利率%。CEIC提供的第一抵押贷款住房利率数据处于定期更新的状态，数据来源于Reserve Bank of New Zealand，数据归类于全球数据库的新西兰 – Table NZ.M006: Mortgage, Lending and Deposit Rates。

存款利率：6个月在03-01-2025达4.260年利率%，相较于02-01-2025的4.390年利率%有所下降。存款利率：6个月数据按月更新，03-01-1965至03-01-2025期间平均值为5.550年利率%，共545份观测结果。该数据的历史最高值出现于07-01-1987，达18.000年利率%，而历史最低值则出现于06-01-2021，为0.820年利率%。CEIC提供的存款利率：6个月数据处于定期更新的状态，数据来源于Reserve Bank of New Zealand，数据归类于全球数据库的新西兰 – Table NZ.M006: Mortgage, Lending and Deposit Rates。