Macroprudential Tools News Today

Latest mortgage figures from the Reserve Bank show that for February there was a seasonally-adjusted rise of 4% in borrowing, while the latest figures are up some 28% on the dire February 2023 figures

David Hargreaves dives back through from the start of detailed mortgage figures the Reserve Bank has now been producing for 9 years to show a picture of burgeoning first home buyer involvement and mostly shrinking investor participation

Latest RBNZ figures show first home buyers picked up over a quarter of the new mortgage monies advanced in December - although it was a slow month overall

ASB economists estimate that average household living costs will have increased by about $115 a week in 2023 - and with a further $70 hike to come next year, but income rises will probably beat that

Latest RBNZ figures show first home buyers remain active in the market, while the long sleeping investors may just be showing signs of stirring

Latest RBNZ figures show New Zealanders' interest bill on mortgages topped $4.6 billion in the September quarter, putting us on target to pay well north of $17 billion to the banks in mortgage interest for the full 2023 year

The country's banks are telling the Reserve Bank that 'a more significant increase' in investor demand for residential mortgages may occur in the next six months if interest deductibility on rental properties is reintroduced

Latest Reserve Bank figures show that mortgage money advanced last month rose by over 8% on a seasonally-adjusted basis

The number of people choosing to 'top-up' their home mortgage is running at fewer than half the number of two years ago

Latest Reserve Bank figures show mortgage money advanced last month dipped below $5 billion - the lowest level for a July month since 2017