Otago Property Investors Association Inc

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News & Updates

Recent updates

27-11-2014

New mortgage lending data by borrower type.

In support of the loan to value (LVR) restrictions introduced in October of 2013, the Reserve Bank implemented a monthly survey of banks to collect data on new mortgage lending by loan-to-valuation ratios. Over time the monthly LVR data collection has been extended to include information on borrower types. Borrowers are classified as first home buyers, other owner-occupiers, investors or those borrowing for business purposes.

Today the Reserve Bank publishes new statistics (table C31) on new mortgage lending broken down by borrower type. The data is available starting from the August 2014 month.

New mortgage lending includes borrowing for purchasing houses, loan top-ups to existing home owners, switching of mortgages between banks and small businesses borrowing on their mortgage.

C31 New Residential Mortgage Lending by Borrower type

           
   

 

 
   

Aug 2014

Sep 2014

Oct 2014

 

Total lending ($million)

         

All borrower types

 

4,024

4,264

4,884

 

    First home buyer

 

392

430

465

 

    Other owner occupier

 

2,403

2,541

2,918

 

    Investor

 

1,167

1,226

1,421

 

    Business purposes

 

62

67

80

 
           

Higher than 80% LVR lending ($million)

         

All borrower types

 

311

359

418

 

    First home buyer

 

105

120

120

 

    Other owner occupier

 

175

198

242

 

    Investor

 

29

38

52

 

    Business purposes

 

1

3

4

 
           

Less than or equal to 80% LVR lending ($million)

         

All borrower types

 

3,713

3,906

4,467

 

    First home buyer

 

287

311

345

 

    Other owner occupier

 

2,228

2,343

2,676

 

    Investor

 

1,138

1,188

1,369

 

    Business purposes

 

61

64

76

 
           

Total borrowers (number)

         

All borrower types

 

23,358

24,537

27,265

 

    First home buyer

 

1,277

1,462

1,704

 

    Other owner occupier

 

17,427

18,404

20,235

 

    Investor

 

4,177

4,212

4,830

 

    Business purposes

 

477

459

496

 
           

Higher than 80% LVR borrowers (number)

         

All borrower types

 

1,373

1,424

1,644

 

    First home buyer

 

347

391

447

 

    Other owner occupier

 

869

855

965

 

    Investor

 

150

170

220

 

    Business purposes

 

7

8

12

 
           

Less than or equal to 80% LVR borrowers (number)

         

All borrower types

 

21,985

23,113

25,621

 

    First home buyer

 

930

1,071

1,257

 

    Other owner occupier

 

16,558

17,549

19,270

 

    Investor

 

4,027

4,042

4,610

 

    Business purposes

 

470

451

484

 
           
           

Last updated 26 November 2014

Source: Reserve Bank of New Zealand

Tags: reserve bank

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