{"publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","license_note":"Official statistics remain under their respective Crown/statutory publisher terms (Stats NZ, Inland Revenue, MBIE & FMA under CC BY 4.0; RBNZ under RBNZ Terms of Use; NHC & ACC statutory caps/levies under public-domain NZ legislation). HLF-derived calculations, data dictionary compilations, and market interpretations are licensed by HLF (Home Loan Factory) under Creative Commons Attribution 4.0 International (CC BY 4.0) when attributed to HLF Pulse with a link to the canonical dataset URL.","dataset_name":"NZ Mortgage, Housing, KiwiSaver & Protection Pulse \u2014 Verified NZ Data","date_created":"2026-09-01","date_modified":"2026-11-10","generated_utc":"2026-11-10T22:21:37Z","last_checked":"2026-11-10","latest_underlying_data":"September 2026","data_status":"verified","source_status":"current","active_datasets_count":54,"count":54,"tickers":{"fhb-low-deposit":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, <strong>50.3%</strong> of first-home mortgages approved across New Zealand (<strong>1,342 of 2,667 loans</strong>, or <strong>$850m</strong> in lending) were written at an LVR above 80% (corresponding to <strong>under a 20% deposit</strong>, derived by HLF from RBNZ Table C31), up from 46.0% a year earlier.","official_data_summary":"RBNZ Table C31 (September 2026): 1,342 high-LVR (>80% LVR) FHB borrowers ($850m) out of 2,667 total FHB borrowers ($1,530m).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":50.32,"latest_value":"50.3% (1,342 of 2,667 loans)","previous_period":"September 2025 (46.0%)","change":"+4.3 percentage points YoY","calculation_live":"1,342 \u00f7 2,667 = 50.3% (Lending: $850m \u00f7 $1,530m = 55.6%)","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":50.32,"formatted":"50.3%"},{"period":"2026-08","label":"Aug 2026","value":50.51,"formatted":"50.5%"},{"period":"2026-07","label":"Jul 2026","value":49.16,"formatted":"49.2%"},{"period":"2026-06","label":"Jun 2026","value":50.17,"formatted":"50.2%"},{"period":"2026-05","label":"May 2026","value":48.0,"formatted":"48.0%"},{"period":"2026-04","label":"Apr 2026","value":46.22,"formatted":"46.2%"},{"period":"2026-03","label":"Mar 2026","value":45.29,"formatted":"45.3%"},{"period":"2026-02","label":"Feb 2026","value":45.97,"formatted":"46.0%"},{"period":"2026-01","label":"Jan 2026","value":51.77,"formatted":"51.8%"},{"period":"2025-12","label":"Dec 2025","value":41.7,"formatted":"41.7%"},{"period":"2025-11","label":"Nov 2025","value":44.83,"formatted":"44.8%"},{"period":"2025-10","label":"Oct 2025","value":44.62,"formatted":"44.6%"},{"period":"2025-09","label":"Sep 2025","value":46.04,"formatted":"46.0%"}],"ticker":"fhb-low-deposit","name":"First-home buyers using under 20% deposit (>80% LVR)","also_known_as":"High-LVR (>80% LVR) first-home buyer share / Low-deposit FHB mortgage share","category":"First-home buyers","topic":"First-home lending","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB2.BC1, LVRN.MMB2.AC1, LVRN.MMB1.BC1","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"HLF-derived share & HLF-calculated comparison (from officially reported RBNZ loan counts & dollar values)","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The HLF-derived percentage of firm residential mortgage commitments to New Zealand first-home buyers where the Loan-to-Value Ratio (LVR) exceeds 80% (corresponding to under a 20% deposit), measured by borrower count alongside officially reported >80% LVR dollar lending.","calculation":"1,342 \u00f7 2,667 = 50.3% (Lending: $850m \u00f7 $1,530m = 55.6%)","formula":"(High-LVR FHB Borrowers [LVRN.MMB2.BC1] \u00f7 Total FHB Borrowers [LVRN.MMB2.AC1]) \u00d7 100","hlf_interpretation":"HLF market context (not measured in C31): RBNZ Table C31 reports all >80% LVR commitments as a single aggregate and does not disaggregate the underlying lending channel (such as bank low-equity speed-limit allocations, K\u0101inga Ora First Home Loans, or LVR-exempt new builds).","methodology":"Compiled from monthly registered bank returns under RBNZ Table C31. First-home buyers are defined by lending banks as borrowers purchasing a residential property to occupy as a first home. Dollar values in Table C31 are published by RBNZ rounded to the nearest $1 million.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/fhb-low-deposit/","summary_text":"In September 2026, 50.3% of first-home mortgages approved across New Zealand (1,342 of 2,667 loans, or $850m in lending) were written at an LVR above 80% (corresponding to under a 20% deposit, derived by HLF from RBNZ Table C31), up from 46.0% a year earlier.","citation":"HLF Pulse, Home Loan Factory. \"First-home buyers using under 20% deposit (>80% LVR),\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/fhb-low-deposit/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many first-home buyers have less than a 20% deposit in New Zealand?","Is a 20% deposit actually typical for NZ first-home buyers?","How common are low-deposit mortgages in New Zealand?","What percentage of first-home buyers borrow with less than a 20% deposit?","Are low-deposit first-home loans becoming more common?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB2.BC1, LVRN.MMB2.AC1, LVRN.MMB1.BC1","hlf_transformation":"1,342 \u00f7 2,667 = 50.3% (Lending: $850m \u00f7 $1,530m = 55.6%)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/fhb-low-deposit/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"K\u0101inga Ora First Home Loan & LMI Estimator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/kainga-ora-lmi-fee-estimator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"fhb-share":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, registered banks approved <strong>2,667</strong> first-home buyer mortgages totalling <strong>$1.53B</strong>\u2014representing an HLF-derived <strong>20.3%</strong> share of all new residential mortgage lending (up from 19.2% a year earlier) and a mean loan size of <strong>$573,678 (~$574k)</strong>.","official_data_summary":"RBNZ Table C31 (September 2026): 2,667 FHB borrowers and $1,530m FHB lending out of $7,533m total new residential lending (LVRN.MMB1.AA).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":20.31,"latest_value":"20.3% (2,667 loans, avg $573,678)","previous_period":"September 2025 (19.2%)","change":"+1.1 percentage points YoY","calculation_live":"$1,530m \u00f7 $7,533m = 20.3% (Mean loan: $1,530m \u00d7 $1m \u00f7 2,667 = $573,678; RBNZ dollar series rounded to $1m)","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":20.31,"formatted":"20.3%"},{"period":"2026-08","label":"Aug 2026","value":20.52,"formatted":"20.5%"},{"period":"2026-07","label":"Jul 2026","value":20.12,"formatted":"20.1%"},{"period":"2026-06","label":"Jun 2026","value":18.96,"formatted":"19.0%"},{"period":"2026-05","label":"May 2026","value":19.46,"formatted":"19.5%"},{"period":"2026-04","label":"Apr 2026","value":20.69,"formatted":"20.7%"},{"period":"2026-03","label":"Mar 2026","value":20.92,"formatted":"20.9%"},{"period":"2026-02","label":"Feb 2026","value":20.92,"formatted":"20.9%"},{"period":"2026-01","label":"Jan 2026","value":17.65,"formatted":"17.7%"},{"period":"2025-12","label":"Dec 2025","value":15.29,"formatted":"15.3%"},{"period":"2025-11","label":"Nov 2025","value":20.04,"formatted":"20.0%"},{"period":"2025-10","label":"Oct 2025","value":20.83,"formatted":"20.8%"},{"period":"2025-09","label":"Sep 2025","value":19.22,"formatted":"19.2%"}],"ticker":"fhb-share","name":"First-home buyer share of total New Zealand mortgage lending","also_known_as":"FHB market share of residential mortgage lending","category":"First-home buyers","topic":"First-home lending","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB1.AC1, LVRN.MMB1.AA, LVRN.MMB2.AC1","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported loan count & HLF-derived market share / average loan size","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The HLF-derived proportion of total new residential mortgage lending dollars in New Zealand committed to first-home buyers, alongside the officially reported monthly count of approved first-home loans and HLF-derived average loan size.","calculation":"$1,530m \u00f7 $7,533m = 20.3% (Mean loan: $1,530m \u00d7 $1m \u00f7 2,667 = $573,678; RBNZ dollar series rounded to $1m)","formula":"(FHB Lending NZDm [LVRN.MMB1.AC1] \u00f7 All Borrower Lending NZDm [LVRN.MMB1.AA]) \u00d7 100","hlf_interpretation":"HLF market context: Tracks the proportion of new bank mortgage commitments going to first-home buyers relative to other owner-occupiers, investors, and business borrowers.","methodology":"Sourced from RBNZ Table C31 monthly registered bank commitments across first-home buyers, other owner-occupiers, property investors, and business purposes (where dollar values are published rounded to the nearest $1m).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/fhb-share/","summary_text":"In September 2026, registered banks approved 2,667 first-home buyer mortgages totalling $1.53B\u2014representing an HLF-derived 20.3% share of all new residential mortgage lending (up from 19.2% a year earlier) and a mean loan size of $573,678 (~$574k).","citation":"HLF Pulse, Home Loan Factory. \"First-home buyer share of total New Zealand mortgage lending,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/fhb-share/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What share of New Zealand mortgages go to first-home buyers?","How many first-home buyer loans are approved each month in NZ?","What is the average first-home buyer mortgage size in New Zealand?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB1.AC1, LVRN.MMB1.AA, LVRN.MMB2.AC1","hlf_transformation":"$1,530m \u00f7 $7,533m = 20.3% (Mean loan: $1,530m \u00d7 $1m \u00f7 2,667 = $573,678; RBNZ dollar series rounded to $1m)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/fhb-share/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Borrowing Power Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/borrowing-power-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"investors":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, residential property investors accounted for an HLF-derived <strong>17.7%</strong> share of new mortgage commitments (<strong>$1.33B</strong> reported in RBNZ Table C31, down from 21.2% a year earlier), compared with <strong>20.3%</strong> for first-home buyers.","official_data_summary":"RBNZ Table C31 (September 2026): 2,668 investor borrowers and $1,335m investor lending out of $7,533m total lending (LVRN.MMB1.AA).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":17.72,"latest_value":"17.7% ($1.33B across 2,668 loans)","previous_period":"September 2025 (21.2%)","change":"-3.5 percentage points YoY","calculation_live":"$1,335m \u00f7 $7,533m = 17.7%","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":17.72,"formatted":"17.7%"},{"period":"2026-08","label":"Aug 2026","value":19.45,"formatted":"19.4%"},{"period":"2026-07","label":"Jul 2026","value":18.86,"formatted":"18.9%"},{"period":"2026-06","label":"Jun 2026","value":19.48,"formatted":"19.5%"},{"period":"2026-05","label":"May 2026","value":18.64,"formatted":"18.6%"},{"period":"2026-04","label":"Apr 2026","value":18.26,"formatted":"18.3%"},{"period":"2026-03","label":"Mar 2026","value":19.88,"formatted":"19.9%"},{"period":"2026-02","label":"Feb 2026","value":18.76,"formatted":"18.8%"},{"period":"2026-01","label":"Jan 2026","value":21.65,"formatted":"21.6%"},{"period":"2025-12","label":"Dec 2025","value":21.66,"formatted":"21.7%"},{"period":"2025-11","label":"Nov 2025","value":20.81,"formatted":"20.8%"},{"period":"2025-10","label":"Oct 2025","value":21.64,"formatted":"21.6%"},{"period":"2025-09","label":"Sep 2025","value":21.21,"formatted":"21.2%"}],"ticker":"investors","name":"Property investor share of new New Zealand mortgage lending","also_known_as":"Residential investor mortgage market share","category":"Property investors & rents","topic":"Property investment lending","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB1.AN, LVRN.MMB1.AA","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported dollar lending & HLF-derived market share","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The HLF-derived percentage share and officially reported dollar value of total new residential mortgage lending in New Zealand committed to residential property investors.","calculation":"$1,335m \u00f7 $7,533m = 17.7%","formula":"(Investor Lending NZDm [LVRN.MMB1.AN] \u00f7 All Borrower Lending NZDm [LVRN.MMB1.AA]) \u00d7 100","hlf_interpretation":"HLF market context: Measures the share of new residential mortgage commitments attributed to property investors relative to owner-occupiers.","methodology":"Sourced from RBNZ Table C31 monthly registered bank commitments to residential property investors.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/investors/","summary_text":"In September 2026, residential property investors accounted for an HLF-derived 17.7% share of new mortgage commitments ($1.33B reported in RBNZ Table C31, down from 21.2% a year earlier), compared with 20.3% for first-home buyers.","citation":"HLF Pulse, Home Loan Factory. \"Property investor share of new New Zealand mortgage lending,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/investors/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What percentage of NZ mortgage lending goes to property investors?","How much are property investors borrowing each month in New Zealand?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB1.AN, LVRN.MMB1.AA","hlf_transformation":"$1,335m \u00f7 $7,533m = 17.7%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/investors/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Investment Property Cashflow Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/investment-property-cashflow-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"refinance":{"chip":"RBNZ C33","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table C33 recorded <strong>2,772</strong> borrowers changing loan provider and <strong>$1.73B ($1,729m)</strong> in refinanced loans\u2014representing an HLF-derived <strong>23.0%</strong> share of all new residential lending and a mean loan size of <strong>$623,737 (~$624k)</strong>.","official_data_summary":"RBNZ Table C33 (September 2026): Change in loan provider = 2,772 borrowers and $1,729m out of $7,533m total purpose lending (dollar series rounded to $1m).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-purpose\" target=\"_blank\" rel=\"noopener\">RBNZ Table C33</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":22.95,"latest_value":"23.0% of lending ($1.73B across 2,772 loans, avg $623,737)","previous_period":"September 2025 (24.4%)","change":"-1.4 percentage points YoY","calculation_live":"$1,729m \u00f7 $7,533m = 23.0% (Mean loan: $1,729m \u00d7 $1m \u00f7 2,772 = $623,737; RBNZ dollar series rounded to $1m)","historical_data_from":"Available from January 2017 (117 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":22.95,"formatted":"23.0%"},{"period":"2026-08","label":"Aug 2026","value":25.14,"formatted":"25.1%"},{"period":"2026-07","label":"Jul 2026","value":24.61,"formatted":"24.6%"},{"period":"2026-06","label":"Jun 2026","value":27.21,"formatted":"27.2%"},{"period":"2026-05","label":"May 2026","value":25.21,"formatted":"25.2%"},{"period":"2026-04","label":"Apr 2026","value":23.47,"formatted":"23.5%"},{"period":"2026-03","label":"Mar 2026","value":23.13,"formatted":"23.1%"},{"period":"2026-02","label":"Feb 2026","value":22.32,"formatted":"22.3%"},{"period":"2026-01","label":"Jan 2026","value":33.77,"formatted":"33.8%"},{"period":"2025-12","label":"Dec 2025","value":41.12,"formatted":"41.1%"},{"period":"2025-11","label":"Nov 2025","value":23.3,"formatted":"23.3%"},{"period":"2025-10","label":"Oct 2025","value":23.43,"formatted":"23.4%"},{"period":"2025-09","label":"Sep 2025","value":24.35,"formatted":"24.4%"}],"ticker":"refinance","name":"Monthly mortgage refinancing (borrowers changing loan provider)","also_known_as":"Change in loan provider / Bank-to-bank mortgage switching","category":"Mortgage lending & rates","topic":"Refinancing & bank switching","source":"RBNZ C33","source_full":"Reserve Bank of New Zealand Table C33","source_series_ids":"LVRN.MMB1.AZD, LVRN.MMB2.AZD","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-purpose","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported refinance volume/count & HLF-derived share/average","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The officially reported monthly number of borrowers and dollar value of residential mortgages changing loan provider in RBNZ Table C33, plus the HLF-derived share of total lending and average loan size.","calculation":"$1,729m \u00f7 $7,533m = 23.0% (Mean loan: $1,729m \u00d7 $1m \u00f7 2,772 = $623,737; RBNZ dollar series rounded to $1m)","formula":"(Refinance Lending NZDm [LVRN.MMB1.AZD] \u00f7 Total Purpose Lending NZDm) \u00d7 100","hlf_interpretation":"HLF market context: Measures external refinancing where a borrower switches from one mortgage provider to another (internal refixes with the same bank are not counted in Table C33).","methodology":"Compiled from RBNZ Table C33 (New residential mortgage lending by purpose \u2014 Change in loan provider; dollar series published rounded to $1m).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/refinance/","summary_text":"In September 2026, RBNZ Table C33 recorded 2,772 borrowers changing loan provider and $1.73B ($1,729m) in refinanced loans\u2014representing an HLF-derived 23.0% share of all new residential lending and a mean loan size of $623,737 (~$624k).","citation":"HLF Pulse, Home Loan Factory. \"Monthly mortgage refinancing (borrowers changing loan provider),\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C33. https://pulse-data.homeloanfactory.co.nz/refinance/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many New Zealand homeowners switch banks or refinance each month?","What is the average mortgage size for borrowers refinancing in NZ?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C33","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-purpose","source_series_ids":"LVRN.MMB1.AZD, LVRN.MMB2.AZD","hlf_transformation":"$1,729m \u00f7 $7,533m = 23.0% (Mean loan: $1,729m \u00d7 $1m \u00f7 2,772 = $623,737; RBNZ dollar series rounded to $1m)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/refinance/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Refinance & Cashback Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/refinance-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"top-ups":{"chip":"RBNZ C33","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table C33 recorded <strong>9,639</strong> borrowers approved for a mortgage top-up on an existing property\u2014an HLF-derived <strong>46.4%</strong> share of all mortgage approvals by count and a mean top-up of <strong>$99,803 (~$100k)</strong>.","official_data_summary":"RBNZ Table C33 (September 2026): Top-up approvals = 9,639 borrowers ($962m) out of 20,763 total approvals.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-purpose\" target=\"_blank\" rel=\"noopener\">RBNZ Table C33</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":46.42,"latest_value":"46.4% of approvals (9,639 top-ups, avg $99,803)","previous_period":"September 2025 (43.9%)","change":"+2.6 percentage points YoY","calculation_live":"9,639 \u00f7 20,763 = 46.4% (Mean top-up: $962m \u00d7 $1m \u00f7 9,639 = $99,803)","historical_data_from":"Available from January 2017 (117 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":46.42,"formatted":"46.4%"},{"period":"2026-08","label":"Aug 2026","value":46.26,"formatted":"46.3%"},{"period":"2026-07","label":"Jul 2026","value":46.25,"formatted":"46.2%"},{"period":"2026-06","label":"Jun 2026","value":45.5,"formatted":"45.5%"},{"period":"2026-05","label":"May 2026","value":45.76,"formatted":"45.8%"},{"period":"2026-04","label":"Apr 2026","value":46.45,"formatted":"46.4%"},{"period":"2026-03","label":"Mar 2026","value":43.68,"formatted":"43.7%"},{"period":"2026-02","label":"Feb 2026","value":45.17,"formatted":"45.2%"},{"period":"2026-01","label":"Jan 2026","value":44.33,"formatted":"44.3%"},{"period":"2025-12","label":"Dec 2025","value":31.79,"formatted":"31.8%"},{"period":"2025-11","label":"Nov 2025","value":42.14,"formatted":"42.1%"},{"period":"2025-10","label":"Oct 2025","value":44.2,"formatted":"44.2%"},{"period":"2025-09","label":"Sep 2025","value":43.86,"formatted":"43.9%"}],"ticker":"top-ups","name":"Monthly mortgage top-ups on existing properties (borrower share & average top-up)","also_known_as":"Mortgage top-up borrower share & average size","category":"Homeowners & equity","topic":"Homeowner equity & top-ups","source":"RBNZ C33","source_full":"Reserve Bank of New Zealand Table C33","source_series_ids":"LVRN.MMB2.AZB, LVRN.MMB1.AZB","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-purpose","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported top-up count & HLF-derived share/average","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The officially reported monthly number of New Zealand borrowers approved for a top-up on their existing mortgage in RBNZ Table C33, alongside the HLF-derived share of total approvals and average top-up amount.","calculation":"9,639 \u00f7 20,763 = 46.4% (Mean top-up: $962m \u00d7 $1m \u00f7 9,639 = $99,803)","formula":"(Top-Up Borrowers [LVRN.MMB2.AZB] \u00f7 Total Purpose Borrowers) \u00d7 100","hlf_interpretation":"HLF market context (not disaggregated in C33): RBNZ Table C33 records top-ups as a single purpose category without disaggregating how borrowers use the funds (such as renovations, debt consolidation, or investment deposits).","methodology":"Compiled from RBNZ Table C33 (New residential mortgage lending by purpose \u2014 Top-ups; dollar series published rounded to $1m).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/top-ups/","summary_text":"In September 2026, RBNZ Table C33 recorded 9,639 borrowers approved for a mortgage top-up on an existing property\u2014an HLF-derived 46.4% share of all mortgage approvals by count and a mean top-up of $99,803 (~$100k).","citation":"HLF Pulse, Home Loan Factory. \"Monthly mortgage top-ups on existing properties (borrower share & average top-up),\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C33. https://pulse-data.homeloanfactory.co.nz/top-ups/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How common are mortgage top-ups in New Zealand?","What is the average mortgage top-up size in NZ?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C33","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-purpose","source_series_ids":"LVRN.MMB2.AZB, LVRN.MMB1.AZB","hlf_transformation":"9,639 \u00f7 20,763 = 46.4% (Mean top-up: $962m \u00d7 $1m \u00f7 9,639 = $99,803)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/top-ups/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Usable Equity Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/usable-equity-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"settled-rates":{"chip":"RBNZ B30","as_of":"2026-09-30","source_published":"2026-11-05 (5 November 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table B30 reported a dollar-weighted average settled fixed mortgage interest rate of <strong>4.82%</strong> for 1-year terms and <strong>5.09%</strong> for 2-year terms across New Zealand owner-occupiers.","official_data_summary":"RBNZ Table B30 (September 2026): Weighted-average settled owner-occupier rate = 4.82% (1-year fixed) and 5.09% (2-year fixed).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/exchange-and-interest-rates/new-residential-mortgage-weighted-average-interest-rates\" target=\"_blank\" rel=\"noopener\">RBNZ Table B30</a>, Reserve Bank of New Zealand.","latest_period":"September 2026","value":4.82,"latest_value":"4.82% 1-yr settled | 5.09% 2-yr settled","previous_period":"September 2025 (4.67% 1-year settled)","change":"+0.15% YoY (1-year settled)","calculation_live":"Directly reported RBNZ B30 series NCFA.MAM1PR.D1 = 4.82% (1Y) & NCFA.MAM1PR.D2 = 5.09% (2Y)","historical_data_from":"Available from April 2021 (66 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":4.82,"formatted":"4.82% (1Y settled)"},{"period":"2026-08","label":"Aug 2026","value":4.7,"formatted":"4.70% (1Y settled)"},{"period":"2026-07","label":"Jul 2026","value":4.65,"formatted":"4.65% (1Y settled)"},{"period":"2026-06","label":"Jun 2026","value":4.62,"formatted":"4.62% (1Y settled)"},{"period":"2026-05","label":"May 2026","value":4.58,"formatted":"4.58% (1Y settled)"},{"period":"2026-04","label":"Apr 2026","value":4.52,"formatted":"4.52% (1Y settled)"},{"period":"2026-03","label":"Mar 2026","value":4.48,"formatted":"4.48% (1Y settled)"},{"period":"2026-02","label":"Feb 2026","value":4.49,"formatted":"4.49% (1Y settled)"},{"period":"2026-01","label":"Jan 2026","value":4.43,"formatted":"4.43% (1Y settled)"},{"period":"2025-12","label":"Dec 2025","value":4.38,"formatted":"4.38% (1Y settled)"},{"period":"2025-11","label":"Nov 2025","value":4.4,"formatted":"4.40% (1Y settled)"},{"period":"2025-10","label":"Oct 2025","value":4.49,"formatted":"4.49% (1Y settled)"},{"period":"2025-09","label":"Sep 2025","value":4.67,"formatted":"4.67% (1Y settled)"}],"ticker":"settled-rates","name":"Weighted-average settled 1-year and 2-year fixed mortgage interest rates","also_known_as":"Actual settled NZ fixed mortgage rates (RBNZ B30)","category":"Mortgage lending & rates","topic":"Mortgage interest rates","source":"RBNZ B30","source_full":"Reserve Bank of New Zealand Table B30","source_series_ids":"NCFA.MAM1PR.D1, NCFA.MAM1PR.D2","source_url":"https://www.rbnz.govt.nz/statistics/series/exchange-and-interest-rates/new-residential-mortgage-weighted-average-interest-rates","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported RBNZ weighted-average settled rates","derived_by_hlf":false,"hlf_derived_label":"No (Officially reported)","definition":"The dollar-weighted average fixed mortgage interest rates across all new residential mortgages settled by New Zealand registered banks for 1-year and 2-year fixed terms.","calculation":"Directly reported RBNZ B30 series NCFA.MAM1PR.D1 = 4.82% (1Y) & NCFA.MAM1PR.D2 = 5.09% (2Y)","formula":"Officially reported RBNZ series NCFA.MAM1PR.D1 (1-year) and NCFA.MAM1PR.D2 (2-year)","hlf_interpretation":"HLF market context: Table B30 measures the weighted-average rate on mortgages settled during the month. Differences from current advertised rates can reflect the timing lag between rate lock and settlement, borrower LVR mix, and lender pricing.","methodology":"Directly reported by RBNZ in Table B30 (New residential mortgage weighted-average interest rates) for owner-occupiers/borrowers.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/settled-rates/","summary_text":"In September 2026, RBNZ Table B30 reported a dollar-weighted average settled fixed mortgage interest rate of 4.82% for 1-year terms and 5.09% for 2-year terms across New Zealand owner-occupiers.","citation":"HLF Pulse, Home Loan Factory. \"Weighted-average settled 1-year and 2-year fixed mortgage interest rates,\" September 2026. Source: Reserve Bank of New Zealand Table B30. https://pulse-data.homeloanfactory.co.nz/settled-rates/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What is the actual average 1-year and 2-year mortgage rate settled in New Zealand?","How do settled mortgage rates compare with advertised bank special rates?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table B30","official_source_url":"https://www.rbnz.govt.nz/statistics/series/exchange-and-interest-rates/new-residential-mortgage-weighted-average-interest-rates","source_series_ids":"NCFA.MAM1PR.D1, NCFA.MAM1PR.D2","hlf_transformation":"Unaltered official figure (Directly reported RBNZ B30 series NCFA.MAM1PR.D1 = 4.82% (1Y) & NCFA.MAM1PR.D2 = 5.09% (2Y))","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/settled-rates/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_article_title":"Why Fixed Mortgage Rates Don't Simply Follow the OCR","hlf_article_url":"https://www.homeloanfactory.co.nz/news-insights/why-fixed-mortgage-rates-dont-follow-the-ocr-nz","hlf_tool_title":"Compare NZ Mortgage Rates & Historical Tracker","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/compare-nz-mortgage-rates"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"rent-yield-pulse":{"chip":"Tenancy Services","as_of":"2026-08-31","max_age_days":120,"html":"In August 2026, MBIE Tenancy Services reported a national median weekly rent across newly lodged private tenancy bonds of <strong>$595/wk</strong> (up 0.8% on a year earlier, derived by HLF), with regional medians of <strong>$650/wk</strong> in Auckland, <strong>$580/wk</strong> in Wellington, and <strong>$550/wk</strong> in Canterbury.","official_data_summary":"MBIE Tenancy Services (August 2026): National ('ALL') median weekly rent = $595/wk; Auckland = $650/wk; Wellington = $580/wk; Canterbury = $550/wk.","source_html":"Source: <a href=\"https://www.tenancy.govt.nz/about-tenancy-services/data-and-statistics/rental-bond-data/\" target=\"_blank\" rel=\"noopener\">MBIE Tenancy Services \u2014 Rental Bond Data</a> (<a href=\"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470\" target=\"_blank\" rel=\"noopener\">By-Region CSV</a>, licensed under CC BY 4.0). Derived figures licensed by HLF under CC BY 4.0.","latest_period":"August 2026","value":595,"latest_value":"$595/wk NZ ($650 AKL | $580 WGTN | $550 CANT)","previous_period":"12 months earlier ($590/wk NZ)","change":"+0.8% YoY ($+5/wk)","calculation_live":"Reported national median = $595/wk; YoY = ($595 - $590) \u00f7 $590 = +0.8%","historical_data_from":"Available from February 1993 (403 monthly observations)","history":[{"period":"2026-08","label":"Aug 2026","value":595.0,"formatted":"$595/wk"},{"period":"2026-07","label":"Jul 2026","value":590.0,"formatted":"$590/wk"},{"period":"2026-06","label":"Jun 2026","value":595.0,"formatted":"$595/wk"},{"period":"2026-05","label":"May 2026","value":600.0,"formatted":"$600/wk"},{"period":"2026-04","label":"Apr 2026","value":600.0,"formatted":"$600/wk"},{"period":"2026-03","label":"Mar 2026","value":595.0,"formatted":"$595/wk"},{"period":"2026-02","label":"Feb 2026","value":590.0,"formatted":"$590/wk"},{"period":"2026-01","label":"Jan 2026","value":600.0,"formatted":"$600/wk"},{"period":"2025-12","label":"Dec 2025","value":600.0,"formatted":"$600/wk"},{"period":"2025-11","label":"Nov 2025","value":595.0,"formatted":"$595/wk"},{"period":"2025-10","label":"Oct 2025","value":590.0,"formatted":"$590/wk"},{"period":"2025-09","label":"Sep 2025","value":590.0,"formatted":"$590/wk"},{"period":"2025-08","label":"Aug 2025","value":590.0,"formatted":"$590/wk"}],"source_published":"2026-10-13 (13 October 2026)","source_url":"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470","ticker":"rent-yield-pulse","name":"New Zealand national and regional median weekly private rent","also_known_as":"MBIE Tenancy Services median weekly rent","category":"Property investors & rents","topic":"Rents & property investment yields","source":"MBIE Tenancy Services","source_full":"MBIE Tenancy Services \u2014 Rental Bond Data","source_series_ids":"Tenancy Services Monthly Regional Bond CSV (Median Rent)","period":"2026-08","observation_period":"August 2026","observed_period":"2026-08","period_end":"2026-08-31","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD/week","data_type":"Officially reported median rents & HLF-calculated YoY comparison","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The median weekly rent recorded on newly lodged private residential tenancy bonds across New Zealand and in Auckland, Wellington, and Canterbury.","calculation":"Reported national median = $595/wk; YoY = ($595 - $590) \u00f7 $590 = +0.8%","formula":"Officially reported national ('ALL') and regional median weekly rents, plus HLF-calculated YoY % change","hlf_interpretation":"HLF market context: Measures median rents on newly lodged bonds during the month rather than existing tenancies that did not turn over.","methodology":"Compiled by the Ministry of Business, Innovation and Employment (MBIE) from private rental bonds lodged with Tenancy Services.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/rent-yield-pulse/","summary_text":"In August 2026, MBIE Tenancy Services reported a national median weekly rent across newly lodged private tenancy bonds of $595/wk (up 0.8% on a year earlier, derived by HLF), with regional medians of $650/wk in Auckland, $580/wk in Wellington, and $550/wk in Canterbury.","citation":"HLF Pulse, Home Loan Factory. \"New Zealand national and regional median weekly private rent,\" August 2026. Derived by HLF from MBIE Tenancy Services \u2014 Rental Bond Data. https://pulse-data.homeloanfactory.co.nz/rent-yield-pulse/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What is the median weekly rent in New Zealand, Auckland, Wellington, and Canterbury?"],"citation_chain":{"official_source":"MBIE Tenancy Services \u2014 Rental Bond Data","official_source_url":"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470","source_series_ids":"Tenancy Services Monthly Regional Bond CSV (Median Rent)","hlf_transformation":"Reported national median = $595/wk; YoY = ($595 - $590) \u00f7 $590 = +0.8%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/rent-yield-pulse/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"NZ Property Rental Yield Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/nz-property-rental-yield-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"rental-bonds-supply":{"chip":"Tenancy Services","as_of":"2026-08-31","max_age_days":120,"html":"In August 2026, MBIE Tenancy Services recorded <strong>13,062</strong> newly lodged private rental bonds and <strong>522,942</strong> active private rental bonds nationwide.","official_data_summary":"MBIE Tenancy Services (August 2026): Nationwide ('ALL') Lodged Bonds = 13,062; Active Bonds = 522,942.","source_html":"Source: <a href=\"https://www.tenancy.govt.nz/about-tenancy-services/data-and-statistics/rental-bond-data/\" target=\"_blank\" rel=\"noopener\">MBIE Tenancy Services \u2014 Rental Bond Data</a> (<a href=\"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470\" target=\"_blank\" rel=\"noopener\">By-Region CSV</a>, licensed under CC BY 4.0). Derived figures licensed by HLF under CC BY 4.0.","latest_period":"August 2026","value":522942,"latest_value":"13,062 lodged bonds | 522,942 active bonds","previous_period":"Monthly MBIE bond registry","change":"13,062 new private tenancies lodged in August 2026","calculation_live":"Directly reported MBIE 'ALL' location: 13,062 lodged bonds & 522,942 active bonds","historical_data_from":"Available from February 1993 (403 monthly observations)","history":[{"period":"2026-08","label":"Aug 2026","value":13062.0,"formatted":"13,062 lodged bonds"},{"period":"2026-07","label":"Jul 2026","value":15456.0,"formatted":"15,456 lodged bonds"},{"period":"2026-06","label":"Jun 2026","value":13503.0,"formatted":"13,503 lodged bonds"},{"period":"2026-05","label":"May 2026","value":14388.0,"formatted":"14,388 lodged bonds"},{"period":"2026-04","label":"Apr 2026","value":13377.0,"formatted":"13,377 lodged bonds"},{"period":"2026-03","label":"Mar 2026","value":14520.0,"formatted":"14,520 lodged bonds"},{"period":"2026-02","label":"Feb 2026","value":17643.0,"formatted":"17,643 lodged bonds"},{"period":"2026-01","label":"Jan 2026","value":17838.0,"formatted":"17,838 lodged bonds"},{"period":"2025-12","label":"Dec 2025","value":13992.0,"formatted":"13,992 lodged bonds"},{"period":"2025-11","label":"Nov 2025","value":14289.0,"formatted":"14,289 lodged bonds"},{"period":"2025-10","label":"Oct 2025","value":14172.0,"formatted":"14,172 lodged bonds"},{"period":"2025-09","label":"Sep 2025","value":13569.0,"formatted":"13,569 lodged bonds"},{"period":"2025-08","label":"Aug 2025","value":14700.0,"formatted":"14,700 lodged bonds"}],"source_published":"2026-10-13 (13 October 2026)","source_url":"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470","ticker":"rental-bonds-supply","name":"Monthly newly lodged and active private rental bonds in New Zealand","also_known_as":"Active NZ private rental tenancies & new bond lodgements","category":"Property investors & rents","topic":"Rental supply & tenancy activity","source":"MBIE Tenancy Services","source_full":"MBIE Tenancy Services \u2014 Rental Bond Data","source_series_ids":"Tenancy Services Monthly Regional Bond CSV (Lodged & Active Bonds)","period":"2026-08","observation_period":"August 2026","observed_period":"2026-08","period_end":"2026-08-31","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"bonds","data_type":"Officially reported MBIE Tenancy Services bond counts","derived_by_hlf":false,"hlf_derived_label":"No (Officially reported)","definition":"The number of newly lodged private rental tenancy bonds in the latest month alongside the total pool of active private rental bonds held across New Zealand.","calculation":"Directly reported MBIE 'ALL' location: 13,062 lodged bonds & 522,942 active bonds","formula":"Officially reported 'ALL' location Lodged Bonds and Active Bonds counts","hlf_interpretation":"HLF market context: Tracks monthly tenancy bond lodgements and total active private bonds held by Tenancy Services.","methodology":"Published monthly by MBIE Tenancy Services from statutory residential tenancy bond lodgements.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/rental-bonds-supply/","summary_text":"In August 2026, MBIE Tenancy Services recorded 13,062 newly lodged private rental bonds and 522,942 active private rental bonds nationwide.","citation":"HLF Pulse, Home Loan Factory. \"Monthly newly lodged and active private rental bonds in New Zealand,\" August 2026. Source: MBIE Tenancy Services \u2014 Rental Bond Data. https://pulse-data.homeloanfactory.co.nz/rental-bonds-supply/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many private rental tenancies are active in New Zealand?"],"citation_chain":{"official_source":"MBIE Tenancy Services \u2014 Rental Bond Data","official_source_url":"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470","source_series_ids":"Tenancy Services Monthly Regional Bond CSV (Lodged & Active Bonds)","hlf_transformation":"Unaltered official figure (Directly reported MBIE 'ALL' location: 13,062 lodged bonds & 522,942 active bonds)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/rental-bonds-supply/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Investment Property Cashflow Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/investment-property-cashflow-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"student-loan-servicing":{"chip":"Inland Revenue","as_of":"2026-06-30","max_age_days":160,"html":"In Inland Revenue's June 2026 Student Loan Scheme statistics, the median New Zealand student loan borrower balance was <strong>$18,301</strong> (up 4.5% on a year earlier from $17,516 in June 2025).","official_data_summary":"Inland Revenue Student Loan Scheme (June 2026): Median borrower balance = $18,301 (compared with $17,516 in June 2025).","source_html":"Source: <a href=\"https://www.ird.govt.nz/about-us/tax-statistics/statistics-on-the-student-loan-scheme/statistics-on-student-loan-balances\" target=\"_blank\" rel=\"noopener\">Inland Revenue \u2014 Student Loan Statistics (Jun 2026)</a>, licensed under CC BY 4.0.","latest_period":"June 2026","value":18301,"latest_value":"$18,301 median balance","previous_period":"June 2025 ($17,516)","change":"$+785 (+4.5%)","calculation_live":"Directly reported IRD median = $18,301 (Change: ($18,301 - $17,516) \u00f7 $17,516 = +4.5%)","historical_data_from":"Inland Revenue release (June 2026)","source_published":"Quarterly Inland Revenue Student Loan statistics release (~6 weeks after quarter-end)","ticker":"student-loan-servicing","name":"New Zealand median student loan balance","also_known_as":"IRD Student Loan Scheme median borrower balance","category":"Mortgage lending & rates","topic":"Borrowing power & student loans","source":"Inland Revenue","source_full":"Inland Revenue \u2014 Student Loan Scheme Statistics","source_series_ids":"IRD Student Loan Balances Release","source_url":"https://www.ird.govt.nz/about-us/tax-statistics/statistics-on-the-student-loan-scheme/statistics-on-student-loan-balances","period":"2026-06","observation_period":"June 2026","observed_period":"2026-06","period_end":"2026-06-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD","data_type":"Officially reported Inland Revenue median & HLF-calculated YoY change","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The median student loan balance across New Zealand student loan borrowers reported by Inland Revenue (Te Tari Taake).","calculation":"Directly reported IRD median = $18,301 (Change: ($18,301 - $17,516) \u00f7 $17,516 = +4.5%)","formula":"Officially reported IRD median balance and YoY % change","hlf_interpretation":"HLF market context (not measured in IRD release): In bank mortgage servicing assessments, compulsory PAYE student loan deductions reduce net take-home income and therefore affect borrowing capacity.","methodology":"Published by Inland Revenue from administrative Student Loan Scheme records.","update_frequency":"Quarterly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/student-loan-servicing/","summary_text":"In Inland Revenue's June 2026 Student Loan Scheme statistics, the median New Zealand student loan borrower balance was $18,301 (up 4.5% on a year earlier from $17,516 in June 2025).","citation":"HLF Pulse, Home Loan Factory. \"New Zealand median student loan balance,\" June 2026. Derived by HLF from Inland Revenue \u2014 Student Loan Scheme Statistics. https://pulse-data.homeloanfactory.co.nz/student-loan-servicing/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What is the median student loan balance in New Zealand?","How does a student loan affect mortgage borrowing power in NZ?"],"citation_chain":{"official_source":"Inland Revenue \u2014 Student Loan Scheme Statistics","official_source_url":"https://www.ird.govt.nz/about-us/tax-statistics/statistics-on-the-student-loan-scheme/statistics-on-student-loan-balances","source_series_ids":"IRD Student Loan Balances Release","hlf_transformation":"Directly reported IRD median = $18,301 (Change: ($18,301 - $17,516) \u00f7 $17,516 = +4.5%)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/student-loan-servicing/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Borrowing Power Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/borrowing-power-calculator"},"history":[],"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"kiwisaver-first-home":{"chip":"Inland Revenue","as_of":"2026-09-30","max_age_days":85,"html":"In September 2026, Inland Revenue recorded <strong>4,250</strong> KiwiSaver members withdrawing a combined <strong>$195.7m</strong> for a first-home purchase\u2014an HLF-derived mean of <strong>$46,047</strong> per member (with annual first-home withdrawals growing over 10 years from <strong>26,570 members / $495.0m in FY2016</strong> to <strong>50,470 members / $2.27B in FY2026</strong>: up <strong>+358.6% nominally</strong> and <strong>+243.0% in CPI inflation-adjusted real terms</strong>).","official_data_summary":"Inland Revenue KiwiSaver Withdrawals (September 2026): First-home withdrawals = 4,250 members and $195.7m (FY2026: 50,470 members / $2.27B vs FY2016: 26,570 / $495.0m).","source_html":"Source: <a href=\"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/datasets\" target=\"_blank\" rel=\"noopener\">Inland Revenue \u2014 KiwiSaver Withdrawal Statistics</a> (CC BY 4.0). Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":195.7,"latest_value":"$195.7m across 4,250 members (avg $46,047/member)","previous_period":"FY2026: $2.27B (50,470 members) vs FY2016: $495.0m (26,570 members)","change":"+10.5m vs prior month | 10Y annual: +358.6% nominal (+243.0% real CPI-adjusted)","calculation_live":"Monthly mean: $195.7m \u00d7 $1m \u00f7 4,250 = $46,047/member | 10Y annual: $2,270m \u00f7 $495m = +358.6% nominal (+243.0% real \u00f7 1.337 CPI)","historical_data_from":"Inland Revenue monthly & 10-year June FY series (September 2026)","history":[{"period":"FY2026","label":"FY2026 (Year ended Jun 2026)","value":2270.0,"formatted":"$2.27B (50,470 members, avg $44,977)"},{"period":"FY2024","label":"FY2024 (Year ended Jun 2024)","value":1810.0,"formatted":"$1.81B (41,560 members, avg $43,551)"},{"period":"FY2021","label":"FY2021 (Year ended Jun 2021)","value":1490.0,"formatted":"$1.49B (54,320 members, avg $27,430)"},{"period":"FY2016","label":"FY2016 (Year ended Jun 2016)","value":495.0,"formatted":"$495.0m (26,570 members, avg $18,630)"}],"source_published":"Monthly Inland Revenue KiwiSaver withdrawal statistics release (~4 weeks after month-end)","ticker":"kiwisaver-first-home","name":"Monthly & 10-year KiwiSaver first-home withdrawal count, value & average per member","also_known_as":"Monthly & annual IRD KiwiSaver first-home purchase withdrawals","category":"KiwiSaver","topic":"KiwiSaver & first-home deposits","source":"Inland Revenue","source_full":"Inland Revenue \u2014 KiwiSaver Withdrawal Statistics","source_series_ids":"IRD Monthly & June FY KiwiSaver First-Home Withdrawals","source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/datasets","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD","data_type":"Officially reported IRD totals & HLF-derived per-member average and 10-year nominal/real comparison","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The officially reported monthly and annual number of KiwiSaver members withdrawing funds for a first-home purchase and total dollars withdrawn, plus the HLF-derived mean withdrawal per member and 10-year nominal and CPI inflation-adjusted comparison.","calculation":"Monthly mean: $195.7m \u00d7 $1m \u00f7 4,250 = $46,047/member | 10Y annual: $2,270m \u00f7 $495m = +358.6% nominal (+243.0% real \u00f7 1.337 CPI)","formula":"Mean per Member = Total First-Home Withdrawal Dollars \u00f7 Withdrawing Members; 10Y Real Growth = ((FY2026 \u00f7 FY2016) \u00f7 CPI_10Y_Factor [1.337]) \u2212 1","hlf_interpretation":"HLF market context: IRD reports individual member withdrawals rather than household applications; when two KiwiSaver members purchase together, both withdrawals are counted separately in the member total.","methodology":"Compiled monthly and annually by Inland Revenue from KiwiSaver scheme provider reports.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-first-home/","summary_text":"In September 2026, Inland Revenue recorded 4,250 KiwiSaver members withdrawing a combined $195.7m for a first-home purchase\u2014an HLF-derived mean of $46,047 per member (with annual first-home withdrawals growing over 10 years from 26,570 members / $495.0m in FY2016 to 50,470 members / $2.27B in FY2026: up +358.6% nominally and +243.0% in CPI inflation-adjusted real terms).","citation":"HLF Pulse, Home Loan Factory. \"Monthly & 10-year KiwiSaver first-home withdrawal count, value & average per member,\" September 2026. Derived by HLF from Inland Revenue \u2014 KiwiSaver Withdrawal Statistics. https://pulse-data.homeloanfactory.co.nz/kiwisaver-first-home/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much is the average KiwiSaver first-home withdrawal per member in New Zealand?","How has KiwiSaver first-home withdrawal volume grown over the past 10 years in nominal and real terms?"],"citation_chain":{"official_source":"Inland Revenue \u2014 KiwiSaver Withdrawal Statistics","official_source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/datasets","source_series_ids":"IRD Monthly & June FY KiwiSaver First-Home Withdrawals","hlf_transformation":"Monthly mean: $195.7m \u00d7 $1m \u00f7 4,250 = $46,047/member | 10Y annual: $2,270m \u00f7 $495m = +358.6% nominal (+243.0% real \u00f7 1.337 CPI)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-first-home/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"KiwiSaver vs Loan Payoff Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/kiwisaver-vs-loan-payoff-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"kiwisaver-switches":{"chip":"Inland Revenue","as_of":"2026-06-30","max_age_days":420,"html":"Over the year ended 30 June 2026, Inland Revenue recorded <strong>198,897</strong> KiwiSaver inter-scheme transfers (up from 140,557 in FY2016, and up an HLF-calculated <strong>+41.5% over 10 years</strong> from 140,557 in FY2016)\u2014an HLF-derived mean of <strong>16,575</strong> provider switches per month.","official_data_summary":"Inland Revenue KiwiSaver Scheme Transfers (Year ended 30 June 2026): 198,897 inter-scheme transfers (vs 140,557 in FY2016 and 140,557 in FY2016).","source_html":"Source: <a href=\"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/schemes/transfer\" target=\"_blank\" rel=\"noopener\">Inland Revenue \u2014 KiwiSaver Scheme Transfer Statistics</a> (CC BY 4.0). Derived by HLF (CC BY 4.0).","latest_period":"Year ended June 2026","value":198897,"latest_value":"198,897 transfers/yr (16,575/month)","previous_period":"FY2016: 140,557 | FY2016: 140,557","change":"+58,340 YoY | +41.5% (+58,340) over 10 yrs","calculation_live":"Monthly mean: 198,897 \u00f7 12 = 16,575/mth | 10Y growth: (198,897 \u2212 140,557) \u00f7 140,557 = +41.5%","historical_data_from":"Inland Revenue 10-year June FY series (FY2016\u2013FY2026)","history":[{"period":"FY2026","label":"Year ended June 2026","value":198897,"formatted":"198,897 transfers (16,575/mth)"},{"period":"FY2016","label":"Year ended June 2016","value":140557,"formatted":"140,557 transfers (11,713/mth)"},{"period":"FY2021","label":"Year ended June 2021","value":159410,"formatted":"159,410 transfers (13,284/mth)"},{"period":"FY2016","label":"Year ended June 2016","value":140557,"formatted":"140,557 transfers (11,713/mth)"}],"source_published":"Annual Inland Revenue KiwiSaver scheme transfer release (published post-30 June FY)","ticker":"kiwisaver-switches","name":"Annual, monthly & 10-year KiwiSaver scheme transfers (members switching providers)","also_known_as":"KiwiSaver provider switching / KiwiSaver scheme transfers / KiwiSaver member transfers","category":"KiwiSaver","topic":"KiwiSaver scheme transfers","source":"Inland Revenue","source_full":"Inland Revenue \u2014 KiwiSaver Scheme Transfer Statistics","source_series_ids":"IRD Annual KiwiSaver Scheme Transfers (10-Year Series)","source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/schemes/transfer","period":"2026-06","observation_period":"Year ended June 2026","observed_period":"2026-06","period_end":"2026-06-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"transfers","data_type":"Officially reported IRD annual totals & HLF-derived monthly average and 10-year change","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The officially reported annual number of New Zealand KiwiSaver members who transferred their balance to a different KiwiSaver scheme provider over the June financial year, plus the HLF-derived monthly mean and 10-year trend.","calculation":"Monthly mean: 198,897 \u00f7 12 = 16,575/mth | 10Y growth: (198,897 \u2212 140,557) \u00f7 140,557 = +41.5%","formula":"Monthly Mean = Annual Scheme Transfers \u00f7 12 months; 10-Year Change = (Latest FY \u2212 FY 10 Years Ago) \u00f7 FY 10 Years Ago","hlf_interpretation":"HLF market context: Measures inter-scheme transfers where members move their KiwiSaver balance to a new provider (internal fund-type changes within the same scheme are not counted in IRD's transfer total).","methodology":"Compiled by Inland Revenue from KiwiSaver scheme transfers processed during the year ended 30 June.","update_frequency":"Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-switches/","summary_text":"Over the year ended 30 June 2026, Inland Revenue recorded 198,897 KiwiSaver inter-scheme transfers (up from 140,557 in FY2016, and up an HLF-calculated +41.5% over 10 years from 140,557 in FY2016)\u2014an HLF-derived mean of 16,575 provider switches per month.","citation":"HLF Pulse, Home Loan Factory. \"Annual, monthly & 10-year KiwiSaver scheme transfers (members switching providers),\" Year ended June 2026. Derived by HLF from Inland Revenue \u2014 KiwiSaver Scheme Transfer Statistics. https://pulse-data.homeloanfactory.co.nz/kiwisaver-switches/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many New Zealanders switch KiwiSaver providers each year?","How has KiwiSaver provider switching changed over the last 10 years?"],"citation_chain":{"official_source":"Inland Revenue \u2014 KiwiSaver Scheme Transfer Statistics","official_source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/schemes/transfer","source_series_ids":"IRD Annual KiwiSaver Scheme Transfers (10-Year Series)","hlf_transformation":"Monthly mean: 198,897 \u00f7 12 = 16,575/mth | 10Y growth: (198,897 \u2212 140,557) \u00f7 140,557 = +41.5%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-switches/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"KiwiSaver vs Loan Payoff Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/kiwisaver-vs-loan-payoff-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"new-builds-annual":{"chip":"Stats NZ","as_of":"2026-09-30","max_age_days":85,"html":"In the 12 months ended September 2026, Stats NZ reported <strong>41,091</strong> new residential dwellings consented across New Zealand (up <strong>18.0%</strong> year-on-year, with <strong>3,570</strong> dwellings consented in the month of September 2026).","official_data_summary":"Stats NZ Building Consents (September 2026): Annual consents = 41,091 (up 18.0% YoY); Monthly consents = 3,570.","source_html":"Source: <a href=\"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/\" target=\"_blank\" rel=\"noopener\">Stats NZ \u2014 Building Consents Issued (September 2026)</a>, licensed under CC BY 4.0. Derived shares licensed by HLF under CC BY 4.0.","latest_period":"Year ended September 2026","value":41091,"latest_value":"41,091 annual consents (3,570 in September 2026)","previous_period":"Prior 12-month period","change":"Up 18.0% YoY","calculation_live":"Directly reported Stats NZ annual total = 41,091 (3,570 in September 2026)","historical_data_from":"Stats NZ monthly release (September 2026)","source_published":"Monthly Stats NZ Building Consents release (~4 weeks after reference month-end)","source_url":"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/","ticker":"new-builds-annual","name":"Annual new residential dwellings consented in New Zealand","also_known_as":"Stats NZ annual residential building consents","category":"Housing supply & construction","topic":"New builds & housing supply","source":"Stats NZ","source_full":"Stats NZ \u2014 Building Consents Issued","source_series_ids":"Stats NZ Building Consents Monthly Release","period":"2026-09","observation_period":"Year ended September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"dwellings","data_type":"Officially reported Stats NZ figures","derived_by_hlf":false,"hlf_derived_label":"No (Officially reported)","definition":"The total number of new residential dwellings consented across New Zealand over the trailing 12-month period and in the latest single month.","calculation":"Directly reported Stats NZ annual total = 41,091 (3,570 in September 2026)","formula":"Officially reported Stats NZ annual and monthly dwelling consent totals","hlf_interpretation":"HLF market context: Building consents measure local-authority approvals to build and do not measure completed dwellings or code-compliance certificates.","methodology":"Compiled monthly by Stats NZ from building consent data supplied by New Zealand's 67 territorial authorities.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/new-builds-annual/","summary_text":"In the 12 months ended September 2026, Stats NZ reported 41,091 new residential dwellings consented across New Zealand (up 18.0% year-on-year, with 3,570 dwellings consented in the month of September 2026).","citation":"HLF Pulse, Home Loan Factory. \"Annual new residential dwellings consented in New Zealand,\" Year ended September 2026. Source: Stats NZ \u2014 Building Consents Issued. https://pulse-data.homeloanfactory.co.nz/new-builds-annual/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many new homes are consented in New Zealand each year?","Are New Zealand building consents increasing or decreasing?"],"citation_chain":{"official_source":"Stats NZ \u2014 Building Consents Issued","official_source_url":"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/","source_series_ids":"Stats NZ Building Consents Monthly Release","hlf_transformation":"Unaltered official figure (Directly reported Stats NZ annual total = 41,091 (3,570 in September 2026))","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/new-builds-annual/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"New Build Construction Loan Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/new-build-construction-loan-calculator"},"history":[],"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"townhouse-share":{"chip":"Stats NZ","as_of":"2026-09-30","max_age_days":85,"html":"In September 2026, an HLF-derived <strong>51.5%</strong> (<strong>1,837 of 3,570</strong>) of new residential dwelling consents were for multi-unit/non-standalone dwellings (including townhouses, flats, units, apartments, and retirement village units)\u2014with townhouses, flats, and units specifically accounting for <strong>36.6% (1,305 of 3,570)</strong> and apartments plus retirement village units accounting for <strong>14.9% (532)</strong>.","official_data_summary":"Stats NZ Building Consents (September 2026): Total dwellings = 3,570; Stand-alone houses = 1,733; Townhouses, flats & units = 1,305; Apartments & retirement units = 532.","source_html":"Source: <a href=\"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/\" target=\"_blank\" rel=\"noopener\">Stats NZ \u2014 Building Consents Issued (September 2026)</a>, licensed under CC BY 4.0. Derived shares licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":51.5,"latest_value":"Multi-unit overall: 51.5% (1,837/3,570) | Townhouses/flats/units: 36.6% (1,305/3,570)","previous_period":"Stand-alone houses: 48.5% (1,733/3,570)","change":"Apartments & retirement village units: 14.9% (532/3,570)","calculation_live":"Multi-unit overall: (3,570 \u2212 1,733) \u00f7 3,570 = 1,837 \u00f7 3,570 = 51.5% | Townhouses/flats/units specifically: 1,305 \u00f7 3,570 = 36.6%","historical_data_from":"Stats NZ monthly release (September 2026)","townhouse_flat_unit_share_pct":36.6,"source_published":"Monthly Stats NZ Building Consents release (~4 weeks after reference month-end)","source_url":"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/","ticker":"townhouse-share","name":"Multi-unit share of new residential building consents","also_known_as":"Non-standalone dwelling consent share & townhouse/flat/unit share (Stats NZ)","category":"Housing supply & construction","topic":"New builds & housing supply","source":"Stats NZ","source_full":"Stats NZ \u2014 Building Consents Issued","source_series_ids":"Stats NZ Dwelling Type Breakdown","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported counts & HLF-derived multi-unit and townhouse/flat/unit shares","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The HLF-derived percentage of new residential building consents in New Zealand issued for multi-unit/non-standalone dwellings overall (townhouses, flats, units, apartments, and retirement village units), alongside the specific share for townhouses, flats, and units.","calculation":"Multi-unit overall: (3,570 \u2212 1,733) \u00f7 3,570 = 1,837 \u00f7 3,570 = 51.5% | Townhouses/flats/units specifically: 1,305 \u00f7 3,570 = 36.6%","formula":"Multi-unit overall = (Total Consents \u2212 Stand-Alone Houses) \u00f7 Total Consents; Townhouses/flats/units specifically = Townhouses/Flats/Units \u00f7 Total Consents","hlf_interpretation":"HLF market context: The share of multi-unit consents reflects the composition of consented new housing supply across stand-alone houses, townhouses/flats/units, apartments, and retirement village units.","methodology":"Derived from Stats NZ monthly building consent counts by dwelling type.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/townhouse-share/","summary_text":"In September 2026, an HLF-derived 51.5% (1,837 of 3,570) of new residential dwelling consents were for multi-unit/non-standalone dwellings (including townhouses, flats, units, apartments, and retirement village units)\u2014with townhouses, flats, and units specifically accounting for 36.6% (1,305 of 3,570) and apartments plus retirement village units accounting for 14.9% (532).","citation":"HLF Pulse, Home Loan Factory. \"Multi-unit share of new residential building consents,\" September 2026. Derived by HLF from Stats NZ \u2014 Building Consents Issued. https://pulse-data.homeloanfactory.co.nz/townhouse-share/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What percentage of new homes consented in New Zealand are multi-unit dwellings?","What percentage of new dwelling consents are specifically townhouses, flats, and units?"],"citation_chain":{"official_source":"Stats NZ \u2014 Building Consents Issued","official_source_url":"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/","source_series_ids":"Stats NZ Dwelling Type Breakdown","hlf_transformation":"Multi-unit overall: (3,570 \u2212 1,733) \u00f7 3,570 = 1,837 \u00f7 3,570 = 51.5% | Townhouses/flats/units specifically: 1,305 \u00f7 3,570 = 36.6%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/townhouse-share/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Turnkey vs. Construction Loan Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/turnkey-vs-construction-loan-calculator-nz"},"history":[],"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"build-cost-inflation":{"chip":"Stats NZ CPI","as_of":"2026-09-30","max_age_days":160,"html":"In the September 2026 quarter, Stats NZ reported a <strong>+3.2%</strong> annual change in the CPI index for purchasing a newly built home, alongside <strong>3.7%</strong> overall annual CPI inflation.","official_data_summary":"Stats NZ CPI (September 2026 quarter): Purchase of newly built home = +3.2% YoY.","source_html":"Source: <a href=\"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/\" target=\"_blank\" rel=\"noopener\">Stats NZ \u2014 Consumers Price Index (September 2026 quarter)</a>, licensed under CC BY 4.0.","latest_period":"September 2026 quarter","value":3.2,"latest_value":"+3.2% YoY","previous_period":"Headline CPI: 3.7% YoY","change":"+3.2% annual change","calculation_live":"Directly reported Stats NZ CPI purchase of new housing = +3.2% YoY","historical_data_from":"Stats NZ quarterly CPI release (September 2026)","source_published":"Quarterly Stats NZ CPI release (~3 weeks after reference quarter-end)","source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","ticker":"build-cost-inflation","name":"Annual residential construction cost inflation (CPI purchase of newly built home)","also_known_as":"New-build housing cost inflation (Stats NZ CPI)","category":"Housing supply & construction","topic":"New builds & construction costs","source":"Stats NZ CPI","source_full":"Stats NZ \u2014 Consumers Price Index (CPI)","source_series_ids":"Stats NZ CPI Housing & Household Utilities (Purchase of New Housing)","period":"2026-09","observation_period":"September 2026 quarter","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported Stats NZ quarterly CPI inflation","derived_by_hlf":false,"hlf_derived_label":"No (Officially reported)","definition":"The annual percentage change in the cost of purchasing a newly built home in New Zealand as measured by the Stats NZ Consumers Price Index (CPI).","calculation":"Directly reported Stats NZ CPI purchase of new housing = +3.2% YoY","formula":"Officially reported Stats NZ annual percentage change for purchase of new housing","hlf_interpretation":"HLF market context: Tracks annual changes in residential construction pricing as measured within the CPI basket (excluding land prices).","methodology":"Published quarterly by Stats NZ within the Consumers Price Index release.","update_frequency":"Quarterly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/build-cost-inflation/","summary_text":"In the September 2026 quarter, Stats NZ reported a +3.2% annual change in the CPI index for purchasing a newly built home, alongside 3.7% overall annual CPI inflation.","citation":"HLF Pulse, Home Loan Factory. \"Annual residential construction cost inflation (CPI purchase of newly built home),\" September 2026 quarter. Source: Stats NZ \u2014 Consumers Price Index (CPI). https://pulse-data.homeloanfactory.co.nz/build-cost-inflation/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How fast are house building costs rising in New Zealand?"],"citation_chain":{"official_source":"Stats NZ \u2014 Consumers Price Index (CPI)","official_source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","source_series_ids":"Stats NZ CPI Housing & Household Utilities (Purchase of New Housing)","hlf_transformation":"Unaltered official figure (Directly reported Stats NZ CPI purchase of new housing = +3.2% YoY)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/build-cost-inflation/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"New Build Construction Loan Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/new-build-construction-loan-calculator"},"history":[],"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"interest-only":{"chip":"RBNZ C32","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, an HLF-derived <strong>31.5%</strong> of new residential investor mortgage lending was set up on <strong>interest-only</strong> terms (including revolving credit), compared with <strong>13.7%</strong> for owner-occupiers in RBNZ Table C32.","official_data_summary":"RBNZ Table C32 (September 2026): New investor interest-only = $420m of $1,335m; New owner-occupier interest-only = $828m of $6,064m.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-and-existing-residential-mortgage-lending-by-payment-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C32</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":31.46,"latest_value":"31.5% investor IO vs 13.7% owner-occupier IO","previous_period":"September 2025 (35.9% investor IO)","change":"-4.4 percentage points YoY (investor IO)","calculation_live":"Investors: $420m \u00f7 $1,335m = 31.5% | Owner-Occupiers: $828m \u00f7 $6,064m = 13.7%","historical_data_from":"Available from July 2015 (135 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":31.46,"formatted":"31.5% (investor IO)"},{"period":"2026-08","label":"Aug 2026","value":32.62,"formatted":"32.6% (investor IO)"},{"period":"2026-07","label":"Jul 2026","value":29.64,"formatted":"29.6% (investor IO)"},{"period":"2026-06","label":"Jun 2026","value":27.9,"formatted":"27.9% (investor IO)"},{"period":"2026-05","label":"May 2026","value":27.91,"formatted":"27.9% (investor IO)"},{"period":"2026-04","label":"Apr 2026","value":29.4,"formatted":"29.4% (investor IO)"},{"period":"2026-03","label":"Mar 2026","value":28.39,"formatted":"28.4% (investor IO)"},{"period":"2026-02","label":"Feb 2026","value":30.6,"formatted":"30.6% (investor IO)"},{"period":"2026-01","label":"Jan 2026","value":24.9,"formatted":"24.9% (investor IO)"},{"period":"2025-12","label":"Dec 2025","value":32.03,"formatted":"32.0% (investor IO)"},{"period":"2025-11","label":"Nov 2025","value":35.28,"formatted":"35.3% (investor IO)"},{"period":"2025-10","label":"Oct 2025","value":34.09,"formatted":"34.1% (investor IO)"},{"period":"2025-09","label":"Sep 2025","value":35.85,"formatted":"35.9% (investor IO)"}],"ticker":"interest-only","name":"Interest-only share of new investor vs owner-occupier mortgages","also_known_as":"Investor vs owner-occupier interest-only mortgage share / Payment-type split","category":"Mortgage lending & rates","topic":"Loan structure & interest-only","source":"RBNZ C32","source_full":"Reserve Bank of New Zealand Table C32","source_series_ids":"LVRN.MMB1.AN, LVRN.MMB1.AC","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-and-existing-residential-mortgage-lending-by-payment-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"HLF-derived share (from RBNZ C32 payment-type series)","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The HLF-derived percentage of new residential investor lending versus new owner-occupier lending set up on interest-only terms (including revolving credit facilities) in RBNZ Table C32.","calculation":"Investors: $420m \u00f7 $1,335m = 31.5% | Owner-Occupiers: $828m \u00f7 $6,064m = 13.7%","formula":"(New Investor Interest-Only NZDm \u00f7 Total New Investor NZDm) \u00d7 100","hlf_interpretation":"HLF market context: Shows the difference in interest-only usage between residential investment loans and owner-occupied home loans, subject to lender interest-only term limits.","methodology":"Derived from RBNZ Table C32 (New and existing residential mortgage lending by payment type; dollar series rounded to $1m).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/interest-only/","summary_text":"In September 2026, an HLF-derived 31.5% of new residential investor mortgage lending was set up on interest-only terms (including revolving credit), compared with 13.7% for owner-occupiers in RBNZ Table C32.","citation":"HLF Pulse, Home Loan Factory. \"Interest-only share of new investor vs owner-occupier mortgages,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C32. https://pulse-data.homeloanfactory.co.nz/interest-only/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What percentage of NZ property investors use interest-only mortgages?","How common are interest-only home loans for owner-occupiers vs investors?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C32","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-and-existing-residential-mortgage-lending-by-payment-type","source_series_ids":"LVRN.MMB1.AN, LVRN.MMB1.AC","hlf_transformation":"Investors: $420m \u00f7 $1,335m = 31.5% | Owner-Occupiers: $828m \u00f7 $6,064m = 13.7%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/interest-only/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Investment Property Cashflow Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/investment-property-cashflow-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"dti-headroom":{"chip":"RBNZ C40","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, an HLF-derived <strong>9.1%</strong> of total first-home buyer mortgage commitments in RBNZ Table C40 had a <strong>Total Debt-to-Income (TDTI) ratio above 6x</strong> ($139.0m of $1,527.0m)\u2014sitting <strong>10.9 percentage points</strong> below the 20% RBNZ speed-limit threshold on non-exempt lending.","official_data_summary":"RBNZ Table C40 (September 2026): FHB lending with TDTI > 6 = $139.0m out of $1,527.0m total FHB commitments.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/residential-mortgage-lending-by-debt-to-income-dti-purpose-use\" target=\"_blank\" rel=\"noopener\">RBNZ Table C40</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":9.1,"latest_value":"9.1% at >6x DTI (10.9 pts below 20% benchmark)","previous_period":"September 2025 (7.9%)","change":"+1.2 percentage points YoY","calculation_live":"$139.0m \u00f7 $1,527.0m = 9.1% (Benchmark diff: 20.0% - 9.1% = 10.9 pts)","historical_data_from":"Available from June 2017 (112 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":9.1,"formatted":"9.1%"},{"period":"2026-08","label":"Aug 2026","value":8.91,"formatted":"8.9%"},{"period":"2026-07","label":"Jul 2026","value":8.62,"formatted":"8.6%"},{"period":"2026-06","label":"Jun 2026","value":8.44,"formatted":"8.4%"},{"period":"2026-05","label":"May 2026","value":9.31,"formatted":"9.3%"},{"period":"2026-04","label":"Apr 2026","value":8.19,"formatted":"8.2%"},{"period":"2026-03","label":"Mar 2026","value":10.28,"formatted":"10.3%"},{"period":"2026-02","label":"Feb 2026","value":9.39,"formatted":"9.4%"},{"period":"2026-01","label":"Jan 2026","value":11.21,"formatted":"11.2%"},{"period":"2025-12","label":"Dec 2025","value":10.5,"formatted":"10.5%"},{"period":"2025-11","label":"Nov 2025","value":10.23,"formatted":"10.2%"},{"period":"2025-10","label":"Oct 2025","value":8.8,"formatted":"8.8%"},{"period":"2025-09","label":"Sep 2025","value":7.95,"formatted":"7.9%"}],"ticker":"dti-headroom","name":"First-home buyer high-DTI (>6x) lending share & speed-limit comparison","also_known_as":"RBNZ Debt-to-Income (>6x TDTI) first-home buyer share","category":"First-home buyers","topic":"Debt-to-Income (DTI) & borrowing power","source":"RBNZ C40","source_full":"Reserve Bank of New Zealand Table C40","source_series_ids":"DTIN.MPV (First-home buyer TDTI bands)","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/residential-mortgage-lending-by-debt-to-income-dti-purpose-use","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"HLF-derived share & HLF-calculated speed-limit comparison","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The HLF-derived percentage of total new first-home buyer mortgage lending committed at a Total Debt-to-Income (TDTI) ratio above 6x gross income in RBNZ Table C40, compared against the 20% RBNZ speed-limit threshold.","calculation":"$139.0m \u00f7 $1,527.0m = 9.1% (Benchmark diff: 20.0% - 9.1% = 10.9 pts)","formula":"(FHB Lending with TDTI > 6 \u00f7 Total FHB Lending) \u00d7 100; Benchmark difference = 20.0% minus High-DTI Share","hlf_interpretation":"HLF market context: Note that RBNZ Table C40 totals include DTI-exempt new-build lending, whereas the Reserve Bank's 20% speed limit applies to non-exempt FHB lending per bank. In practice, borrowing capacity can be constrained by bank servicing test rates, LVR rules, or individual lender policy before the 6x DTI threshold is reached.","methodology":"Derived from RBNZ Table C40 (Residential mortgage lending by Debt-to-Income purpose use).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/dti-headroom/","summary_text":"In September 2026, an HLF-derived 9.1% of total first-home buyer mortgage commitments in RBNZ Table C40 had a Total Debt-to-Income (TDTI) ratio above 6x ($139.0m of $1,527.0m)\u2014sitting 10.9 percentage points below the 20% RBNZ speed-limit threshold on non-exempt lending.","citation":"HLF Pulse, Home Loan Factory. \"First-home buyer high-DTI (>6x) lending share & speed-limit comparison,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C40. https://pulse-data.homeloanfactory.co.nz/dti-headroom/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What percentage of NZ first-home buyer lending has a Debt-to-Income ratio above 6x?","How does high-DTI first-home lending compare with RBNZ's 20% speed-limit threshold?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C40","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/residential-mortgage-lending-by-debt-to-income-dti-purpose-use","source_series_ids":"DTIN.MPV (First-home buyer TDTI bands)","hlf_transformation":"$139.0m \u00f7 $1,527.0m = 9.1% (Benchmark diff: 20.0% - 9.1% = 10.9 pts)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/dti-headroom/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_article_title":"Being Able to Afford a House vs Feeling Safe Buying One","hlf_article_url":"https://www.homeloanfactory.co.nz/news-insights/the-difference-between-being-able-to-afford-a-house-and-feeling-safe-buying-one","hlf_tool_title":"HLF Borrowing Power Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/borrowing-power-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"fhb-loan-size-gap":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, the HLF-derived mean mortgage size for first-home buyers at &gt;80% LVR (under 20% deposit) was <strong>$633,383</strong> (1,342 loans / $850m), compared with <strong>$513,208</strong> for first-home buyers at &le;80% LVR (1,325 loans / $680m)\u2014an HLF-calculated difference of <strong>$120,175</strong> (derived from RBNZ Table C31 dollar series rounded to $1m).","official_data_summary":"RBNZ Table C31 (September 2026): >80% LVR FHB = $850m across 1,342 borrowers; <=80% LVR FHB = $680m across 1,325 borrowers (dollar series rounded to $1m).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":120.17,"latest_value":"$633,383 at >80% LVR vs $513,208 at <=80% LVR (+$120,175)","previous_period":"September 2025 ($638,955 vs $516,892)","change":"$120,175 difference between LVR tiers","calculation_live":"($850m \u00d7 $1m \u00f7 1,342 = $633,383) minus ($680m \u00d7 $1m \u00f7 1,325 = $513,208) = $120,175 (subject to RBNZ $1m rounding)","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":633.38,"formatted":"$633.4k (>80% LVR avg)"},{"period":"2026-08","label":"Aug 2026","value":635.73,"formatted":"$635.7k (>80% LVR avg)"},{"period":"2026-07","label":"Jul 2026","value":632.91,"formatted":"$632.9k (>80% LVR avg)"},{"period":"2026-06","label":"Jun 2026","value":648.75,"formatted":"$648.7k (>80% LVR avg)"},{"period":"2026-05","label":"May 2026","value":639.13,"formatted":"$639.1k (>80% LVR avg)"},{"period":"2026-04","label":"Apr 2026","value":641.18,"formatted":"$641.2k (>80% LVR avg)"},{"period":"2026-03","label":"Mar 2026","value":639.56,"formatted":"$639.6k (>80% LVR avg)"},{"period":"2026-02","label":"Feb 2026","value":640.33,"formatted":"$640.3k (>80% LVR avg)"},{"period":"2026-01","label":"Jan 2026","value":656.15,"formatted":"$656.1k (>80% LVR avg)"},{"period":"2025-12","label":"Dec 2025","value":651.33,"formatted":"$651.3k (>80% LVR avg)"},{"period":"2025-11","label":"Nov 2025","value":655.87,"formatted":"$655.9k (>80% LVR avg)"},{"period":"2025-10","label":"Oct 2025","value":645.65,"formatted":"$645.6k (>80% LVR avg)"},{"period":"2025-09","label":"Sep 2025","value":638.95,"formatted":"$639.0k (>80% LVR avg)"}],"ticker":"fhb-loan-size-gap","name":"First-home buyer average mortgage size by LVR tier (>80% LVR vs <=80% LVR)","also_known_as":"Low-deposit (<20% deposit) vs standard-deposit (20%+ deposit) FHB average loan size","category":"First-home buyers","topic":"First-home lending","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB1.BC1, LVRN.MMB2.BC1, LVRN.MMB1.CC1, LVRN.MMB2.CC1","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD","data_type":"HLF-derived cohort averages & HLF-calculated comparison","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"HLF-derived comparison of the mean approved mortgage size for New Zealand first-home buyers at >80% LVR (under 20% deposit) versus first-home buyers at <=80% LVR (20%+ deposit).","calculation":"($850m \u00d7 $1m \u00f7 1,342 = $633,383) minus ($680m \u00d7 $1m \u00f7 1,325 = $513,208) = $120,175 (subject to RBNZ $1m rounding)","formula":"(>80% LVR FHB NZDm \u00d7 $1m \u00f7 >80% LVR FHB Borrowers) minus (<=80% LVR FHB NZDm \u00d7 $1m \u00f7 <=80% LVR FHB Borrowers)","hlf_interpretation":"HLF market context: The data shows that first-home buyers at >80% LVR take out larger mortgages on average than those at <=80% LVR. RBNZ Table C31 does not record property purchase prices or borrower motivations; factors can include borrowing a higher percentage of the purchase price, regional price mix, or household income.","methodology":"Derived from RBNZ Table C31 by dividing total monthly dollar lending in each LVR tier (published by RBNZ in rounded $ millions) by the exact number of approved first-home borrowers in that same LVR tier.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/fhb-loan-size-gap/","summary_text":"In September 2026, the HLF-derived mean mortgage size for first-home buyers at &gt;80% LVR (under 20% deposit) was $633,383 (1,342 loans / $850m), compared with $513,208 for first-home buyers at &le;80% LVR (1,325 loans / $680m)\u2014an HLF-calculated difference of $120,175 (derived from RBNZ Table C31 dollar series rounded to $1m).","citation":"HLF Pulse, Home Loan Factory. \"First-home buyer average mortgage size by LVR tier (>80% LVR vs <=80% LVR),\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/fhb-loan-size-gap/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["Do low-deposit first-home buyers borrow more or less than 20% deposit buyers?","What is the average low-deposit first-home loan size in NZ?","What is the average mortgage for a first-home buyer with a 20% deposit?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB1.BC1, LVRN.MMB2.BC1, LVRN.MMB1.CC1, LVRN.MMB2.CC1","hlf_transformation":"($850m \u00d7 $1m \u00f7 1,342 = $633,383) minus ($680m \u00d7 $1m \u00f7 1,325 = $513,208) = $120,175 (subject to RBNZ $1m rounding)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/fhb-loan-size-gap/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Home Loan Repayments Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/home-loan-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"fhb-bank-lvr-priority":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, first-home buyers accounted for an HLF-derived <strong>67.2% of all &gt;80% LVR mortgage dollars ($850m of $1.26B)</strong> and <strong>62.0% of &gt;80% LVR loans (1,342 of 2,165)</strong> reported in RBNZ Table C31.","official_data_summary":"RBNZ Table C31 (September 2026): FHB >80% LVR = $850m (1,342 loans); All Borrower >80% LVR = $1,264m (2,165 loans).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":67.25,"latest_value":"67.2% of >80% LVR dollars | 62.0% of >80% LVR loans","previous_period":"September 2025 (75.5%)","change":"-8.2 percentage points YoY","calculation_live":"Dollars: $850m \u00f7 $1,264m = 67.2% | Loans: 1,342 \u00f7 2,165 = 62.0%","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":67.25,"formatted":"67.2%"},{"period":"2026-08","label":"Aug 2026","value":67.92,"formatted":"67.9%"},{"period":"2026-07","label":"Jul 2026","value":67.41,"formatted":"67.4%"},{"period":"2026-06","label":"Jun 2026","value":69.32,"formatted":"69.3%"},{"period":"2026-05","label":"May 2026","value":70.45,"formatted":"70.4%"},{"period":"2026-04","label":"Apr 2026","value":72.21,"formatted":"72.2%"},{"period":"2026-03","label":"Mar 2026","value":71.34,"formatted":"71.3%"},{"period":"2026-02","label":"Feb 2026","value":71.87,"formatted":"71.9%"},{"period":"2026-01","label":"Jan 2026","value":71.87,"formatted":"71.9%"},{"period":"2025-12","label":"Dec 2025","value":75.44,"formatted":"75.4%"},{"period":"2025-11","label":"Nov 2025","value":73.94,"formatted":"73.9%"},{"period":"2025-10","label":"Oct 2025","value":74.46,"formatted":"74.5%"},{"period":"2025-09","label":"Sep 2025","value":75.49,"formatted":"75.5%"}],"ticker":"fhb-bank-lvr-priority","name":"First-home buyer share of all >80% LVR mortgage lending","also_known_as":"FHB share of high-LVR bank lending","category":"First-home buyers","topic":"First-home lending","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB1.BC1, LVRN.MMB1.BA, LVRN.MMB2.BC1, LVRN.MMB2.BA","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"HLF-derived share (from officially reported RBNZ high-LVR totals)","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The HLF-derived share of all >80% LVR residential mortgage lending across New Zealand committed to first-home buyers.","calculation":"Dollars: $850m \u00f7 $1,264m = 67.2% | Loans: 1,342 \u00f7 2,165 = 62.0%","formula":"(FHB >80% LVR Lending [LVRN.MMB1.BC1] \u00f7 All Borrower >80% LVR Lending [LVRN.MMB1.BA]) \u00d7 100","hlf_interpretation":"HLF market context: Shows that first-home buyers account for the majority of >80% LVR commitments in RBNZ Table C31. Table C31 includes both speed-limit lending and LVR-exempt lending (such as K\u0101inga Ora First Home Loans and new builds).","methodology":"Compares high-LVR first-home commitments against high-LVR commitments across all borrower types combined in RBNZ Table C31 (where dollar series are published rounded to the nearest $1m).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/fhb-bank-lvr-priority/","summary_text":"In September 2026, first-home buyers accounted for an HLF-derived 67.2% of all &gt;80% LVR mortgage dollars ($850m of $1.26B) and 62.0% of &gt;80% LVR loans (1,342 of 2,165) reported in RBNZ Table C31.","citation":"HLF Pulse, Home Loan Factory. \"First-home buyer share of all >80% LVR mortgage lending,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/fhb-bank-lvr-priority/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What share of bank >80% LVR lending goes to first-home buyers in New Zealand?","Do New Zealand banks allocate most low-deposit loans to first-home buyers?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB1.BC1, LVRN.MMB1.BA, LVRN.MMB2.BC1, LVRN.MMB2.BA","hlf_transformation":"Dollars: $850m \u00f7 $1,264m = 67.2% | Loans: 1,342 \u00f7 2,165 = 62.0%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/fhb-bank-lvr-priority/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Borrowing Power Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/borrowing-power-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"fhb-20-deposit-club":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table C31 recorded <strong>1,325 first-home buyers ($680m)</strong> approved at <strong>&le;80% LVR</strong> (corresponding to a 20% or greater deposit)\u2014representing an HLF-derived <strong>49.7%</strong> share of first-home approvals and a mean loan size of <strong>$513,208</strong>.","official_data_summary":"RBNZ Table C31 (September 2026): 1,325 <=80% LVR FHB borrowers ($680m) out of 2,667 total FHB borrowers.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":49.68,"latest_value":"49.7% (1,325 loans, avg $513,208)","previous_period":"September 2025 (54.0%)","change":"-4.3 percentage points YoY","calculation_live":"1,325 \u00f7 2,667 = 49.7% (Mean loan: $680m \u00d7 $1m \u00f7 1,325 = $513,208)","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":49.68,"formatted":"49.7%"},{"period":"2026-08","label":"Aug 2026","value":49.49,"formatted":"49.5%"},{"period":"2026-07","label":"Jul 2026","value":50.84,"formatted":"50.8%"},{"period":"2026-06","label":"Jun 2026","value":49.83,"formatted":"49.8%"},{"period":"2026-05","label":"May 2026","value":52.0,"formatted":"52.0%"},{"period":"2026-04","label":"Apr 2026","value":53.78,"formatted":"53.8%"},{"period":"2026-03","label":"Mar 2026","value":54.71,"formatted":"54.7%"},{"period":"2026-02","label":"Feb 2026","value":54.03,"formatted":"54.0%"},{"period":"2026-01","label":"Jan 2026","value":48.23,"formatted":"48.2%"},{"period":"2025-12","label":"Dec 2025","value":58.3,"formatted":"58.3%"},{"period":"2025-11","label":"Nov 2025","value":55.17,"formatted":"55.2%"},{"period":"2025-10","label":"Oct 2025","value":55.38,"formatted":"55.4%"},{"period":"2025-09","label":"Sep 2025","value":53.96,"formatted":"54.0%"}],"ticker":"fhb-20-deposit-club","name":"First-home buyers approved at <=80% LVR (20% or greater deposit)","also_known_as":"Standard-equity (<=80% LVR) first-home buyer share","category":"First-home buyers","topic":"First-home lending","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB2.CC1, LVRN.MMB2.AC1, LVRN.MMB1.CC1","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported count/value & HLF-derived share/average","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The officially reported number and dollar value, plus HLF-derived percentage share and average loan size, of New Zealand first-home buyers approved at an LVR of 80% or less (corresponding to a deposit of 20% or more).","calculation":"1,325 \u00f7 2,667 = 49.7% (Mean loan: $680m \u00d7 $1m \u00f7 1,325 = $513,208)","formula":"(<=80% LVR FHB Borrowers [LVRN.MMB2.CC1] \u00f7 Total FHB Borrowers [LVRN.MMB2.AC1]) \u00d7 100","hlf_interpretation":"HLF market context (not measured in C31): An LVR of <=80% (a 20%+ deposit) can improve access to advertised special-rate pricing and generally avoids low-equity margins, subject to individual lender policy.","methodology":"Sourced from RBNZ Table C31 series for <=80% LVR first-home buyer lending and borrower counts (dollar values rounded by RBNZ to the nearest $1m).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/fhb-20-deposit-club/","summary_text":"In September 2026, RBNZ Table C31 recorded 1,325 first-home buyers ($680m) approved at &le;80% LVR (corresponding to a 20% or greater deposit)\u2014representing an HLF-derived 49.7% share of first-home approvals and a mean loan size of $513,208.","citation":"HLF Pulse, Home Loan Factory. \"First-home buyers approved at <=80% LVR (20% or greater deposit),\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/fhb-20-deposit-club/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What percentage of NZ first-home buyers have a 20% deposit?","What is the average mortgage size for a first-home buyer with a 20% deposit?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB2.CC1, LVRN.MMB2.AC1, LVRN.MMB1.CC1","hlf_transformation":"1,325 \u00f7 2,667 = 49.7% (Mean loan: $680m \u00d7 $1m \u00f7 1,325 = $513,208)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/fhb-20-deposit-club/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Compare NZ Mortgage Rates","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/compare-nz-mortgage-rates"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"fhb-vs-investors":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table C31 recorded <strong>$1.53B (20.3% of lending)</strong> in commitments to first-home buyers compared with <strong>$1.33B (17.7%)</strong> to residential property investors\u2014an HLF-calculated difference of <strong>+$195m</strong> toward first-home buyers.","official_data_summary":"RBNZ Table C31 (September 2026): FHB lending = $1,530m (2,667 loans); Investor lending = $1,335m (2,668 loans).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":195.0,"latest_value":"FHB $1.53B vs Investors $1.33B","previous_period":"September 2025 ($-163m FHB minus Investor gap)","change":"$195m FHB lead in September 2026","calculation_live":"$1,530m (FHB) minus $1,335m (Investors) = +195m","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":195.0,"formatted":"+195m (FHB vs Inv)"},{"period":"2026-08","label":"Aug 2026","value":77.0,"formatted":"+77m (FHB vs Inv)"},{"period":"2026-07","label":"Jul 2026","value":99.0,"formatted":"+99m (FHB vs Inv)"},{"period":"2026-06","label":"Jun 2026","value":-44.0,"formatted":"-44m (FHB vs Inv)"},{"period":"2026-05","label":"May 2026","value":71.0,"formatted":"+71m (FHB vs Inv)"},{"period":"2026-04","label":"Apr 2026","value":194.0,"formatted":"+194m (FHB vs Inv)"},{"period":"2026-03","label":"Mar 2026","value":99.0,"formatted":"+99m (FHB vs Inv)"},{"period":"2026-02","label":"Feb 2026","value":143.0,"formatted":"+143m (FHB vs Inv)"},{"period":"2026-01","label":"Jan 2026","value":-241.0,"formatted":"-241m (FHB vs Inv)"},{"period":"2025-12","label":"Dec 2025","value":-897.0,"formatted":"-897m (FHB vs Inv)"},{"period":"2025-11","label":"Nov 2025","value":-68.0,"formatted":"-68m (FHB vs Inv)"},{"period":"2025-10","label":"Oct 2025","value":-68.0,"formatted":"-68m (FHB vs Inv)"},{"period":"2025-09","label":"Sep 2025","value":-163.0,"formatted":"-163m (FHB vs Inv)"}],"ticker":"fhb-vs-investors","name":"First-home buyers vs property investors monthly lending comparison","also_known_as":"FHB vs Investor monthly mortgage volume","category":"First-home buyers","topic":"First-home & investor lending","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB1.AC1, LVRN.MMB1.AN, LVRN.MMB1.AA","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZDm","data_type":"Officially reported totals & HLF-calculated comparison","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"HLF-calculated comparison of monthly new residential mortgage lending committed to first-home buyers versus residential property investors in RBNZ Table C31.","calculation":"$1,530m (FHB) minus $1,335m (Investors) = +195m","formula":"FHB Lending [LVRN.MMB1.AC1] minus Investor Lending [LVRN.MMB1.AN]","hlf_interpretation":"HLF market context: Compares the dollar volume of new bank mortgage commitments between first-home buyers and residential property investors in the latest monthly release.","methodology":"Compares RBNZ Table C31 total monthly lending to first-home buyers (LVRN.MMB1.AC1) against total monthly lending to property investors (LVRN.MMB1.AN).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/fhb-vs-investors/","summary_text":"In September 2026, RBNZ Table C31 recorded $1.53B (20.3% of lending) in commitments to first-home buyers compared with $1.33B (17.7%) to residential property investors\u2014an HLF-calculated difference of +$195m toward first-home buyers.","citation":"HLF Pulse, Home Loan Factory. \"First-home buyers vs property investors monthly lending comparison,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/fhb-vs-investors/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["Are first-home buyers or property investors borrowing more in New Zealand?","How does first-home buyer lending compare with investor lending in NZ?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB1.AC1, LVRN.MMB1.AN, LVRN.MMB1.AA","hlf_transformation":"$1,530m (FHB) minus $1,335m (Investors) = +195m","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/fhb-vs-investors/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Borrowing Power Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/borrowing-power-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"owner-equity-buffer":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table C31 recorded <strong>14,327 of 15,096</strong> existing ('other') owner-occupier mortgage approvals (<strong>$4.16B</strong>) at <strong>&le;80% LVR</strong> (corresponding to 20%+ security equity)\u2014an HLF-derived share of <strong>94.9%</strong> and mean loan size of <strong>$290,082</strong>.","official_data_summary":"RBNZ Table C31 (September 2026): 14,327 <=80% LVR other owner-occupier borrowers ($4,156m) out of 15,096 total other owner-occupier borrowers.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":94.91,"latest_value":"94.9% at <=80% LVR (avg loan $290,082)","previous_period":"September 2025 (96.7%)","change":"-1.8 percentage points YoY","calculation_live":"14,327 \u00f7 15,096 = 94.9% (Mean loan: $4,156m \u00d7 $1m \u00f7 14,327 = $290,082)","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":94.91,"formatted":"94.9%"},{"period":"2026-08","label":"Aug 2026","value":95.05,"formatted":"95.0%"},{"period":"2026-07","label":"Jul 2026","value":95.23,"formatted":"95.2%"},{"period":"2026-06","label":"Jun 2026","value":95.81,"formatted":"95.8%"},{"period":"2026-05","label":"May 2026","value":96.21,"formatted":"96.2%"},{"period":"2026-04","label":"Apr 2026","value":96.39,"formatted":"96.4%"},{"period":"2026-03","label":"Mar 2026","value":96.01,"formatted":"96.0%"},{"period":"2026-02","label":"Feb 2026","value":96.1,"formatted":"96.1%"},{"period":"2026-01","label":"Jan 2026","value":96.23,"formatted":"96.2%"},{"period":"2025-12","label":"Dec 2025","value":97.36,"formatted":"97.4%"},{"period":"2025-11","label":"Nov 2025","value":96.56,"formatted":"96.6%"},{"period":"2025-10","label":"Oct 2025","value":96.55,"formatted":"96.5%"},{"period":"2025-09","label":"Sep 2025","value":96.72,"formatted":"96.7%"}],"ticker":"owner-equity-buffer","name":"Existing owner-occupiers approved at <=80% LVR (20% or more equity)","also_known_as":"Standard-equity (<=80% LVR) existing homeowner share","category":"Homeowners & equity","topic":"Homeowner equity & refinancing","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB2.CC2, LVRN.MMB2.AC2, LVRN.MMB1.CC2","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported counts/values & HLF-derived share/average","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The HLF-derived percentage and average loan size of 'Other owner-occupier' mortgage approvals (movers, refinancers, and top-up borrowers, excluding first-home buyers) written at an LVR of 80% or less.","calculation":"14,327 \u00f7 15,096 = 94.9% (Mean loan: $4,156m \u00d7 $1m \u00f7 14,327 = $290,082)","formula":"(<=80% LVR Other Owner-Occupiers [LVRN.MMB2.CC2] \u00f7 Total Other Owner-Occupiers [LVRN.MMB2.AC2]) \u00d7 100","hlf_interpretation":"HLF market context: An LVR of <=80% on a mortgage commitment corresponds to holding at least 20% security equity in the mortgaged property. Note that RBNZ C31 only measures homeowners who apply for a new loan, refinance, or top-up during the month, not unmortgaged homeowners.","methodology":"Derived from RBNZ Table C31 'Other owner-occupiers' series at or below 80% LVR (dollar series rounded by RBNZ to the nearest $1m).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/owner-equity-buffer/","summary_text":"In September 2026, RBNZ Table C31 recorded 14,327 of 15,096 existing ('other') owner-occupier mortgage approvals ($4.16B) at &le;80% LVR (corresponding to 20%+ security equity)\u2014an HLF-derived share of 94.9% and mean loan size of $290,082.","citation":"HLF Pulse, Home Loan Factory. \"Existing owner-occupiers approved at <=80% LVR (20% or more equity),\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/owner-equity-buffer/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What percentage of existing New Zealand homeowners have at least 20% equity when refinancing or moving?","What is the average mortgage size for an existing homeowner at <=80% LVR in NZ?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB2.CC2, LVRN.MMB2.AC2, LVRN.MMB1.CC2","hlf_transformation":"14,327 \u00f7 15,096 = 94.9% (Mean loan: $4,156m \u00d7 $1m \u00f7 14,327 = $290,082)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/owner-equity-buffer/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Usable Equity Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/usable-equity-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"investor-equity-tiers":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table C31 investor commitments comprised an HLF-derived <strong>43.8%</strong> at <strong>&le;60% LVR</strong> (1,169 loans), <strong>36.4%</strong> between <strong>60% and 70% LVR</strong> (972 loans), and <strong>19.8%</strong> at <strong>&gt;70% LVR</strong> (527 loans, or $337m).","official_data_summary":"RBNZ Table C31 (September 2026): Total investors = 2,668; <=60% LVR = 1,169; >60% LVR = 1,499; >70% LVR = 527 ($337m).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":43.82,"latest_value":"<=60% LVR: 43.8% | 60\u201370% LVR: 36.4% | >70% LVR: 19.8%","previous_period":"September 2025 (83.6% at <=70% LVR)","change":"+3.4 pts shift in >70% LVR share","calculation_live":"<=60% LVR: 1,169 \u00f7 2,668 = 43.8% | 60\u201370% LVR: 972 \u00f7 2,668 = 36.4% | >70% LVR: 527 \u00f7 2,668 = 19.8%","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":80.25,"formatted":"80.2% (<=70% LVR)"},{"period":"2026-08","label":"Aug 2026","value":78.92,"formatted":"78.9% (<=70% LVR)"},{"period":"2026-07","label":"Jul 2026","value":80.62,"formatted":"80.6% (<=70% LVR)"},{"period":"2026-06","label":"Jun 2026","value":81.42,"formatted":"81.4% (<=70% LVR)"},{"period":"2026-05","label":"May 2026","value":82.64,"formatted":"82.6% (<=70% LVR)"},{"period":"2026-04","label":"Apr 2026","value":83.0,"formatted":"83.0% (<=70% LVR)"},{"period":"2026-03","label":"Mar 2026","value":82.77,"formatted":"82.8% (<=70% LVR)"},{"period":"2026-02","label":"Feb 2026","value":82.04,"formatted":"82.0% (<=70% LVR)"},{"period":"2026-01","label":"Jan 2026","value":80.39,"formatted":"80.4% (<=70% LVR)"},{"period":"2025-12","label":"Dec 2025","value":80.49,"formatted":"80.5% (<=70% LVR)"},{"period":"2025-11","label":"Nov 2025","value":83.34,"formatted":"83.3% (<=70% LVR)"},{"period":"2025-10","label":"Oct 2025","value":81.68,"formatted":"81.7% (<=70% LVR)"},{"period":"2025-09","label":"Sep 2025","value":83.62,"formatted":"83.6% (<=70% LVR)"}],"ticker":"investor-equity-tiers","name":"Property investor LVR & equity tier breakdown (<=60% LVR, 60%\u201370% LVR, >70% LVR)","also_known_as":"Investor LVR distribution (40%+ equity, 30%\u201340% equity, <30% equity equivalents)","category":"Property investors & rents","topic":"Property investment & equity","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB2.TN, LVRN.MMB2.FN, LVRN.MMB2.DN, LVRN.MMB2.AN","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"HLF-derived LVR tier distribution (from RBNZ C31 investor LVR memo items)","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"HLF-derived distribution of approved New Zealand residential property investors across three LVR tiers in RBNZ Table C31: <=60% LVR, 60% < LVR <= 70%, and >70% LVR.","calculation":"<=60% LVR: 1,169 \u00f7 2,668 = 43.8% | 60\u201370% LVR: 972 \u00f7 2,668 = 36.4% | >70% LVR: 527 \u00f7 2,668 = 19.8%","formula":"<=60% LVR = LVRN.MMB2.TN \u00f7 AN; 60\u201370% LVR = (LVRN.MMB2.FN - DN) \u00f7 AN; >70% LVR = LVRN.MMB2.DN \u00f7 AN","hlf_interpretation":"HLF market context: An LVR of <=60% corresponds to 40%+ deposit/equity, 60%\u201370% LVR corresponds to 30%\u201340% deposit/equity, and >70% LVR corresponds to under 30% deposit/equity. In practice, RBNZ LVR settings and individual lender policy determine how much equity an investor needs.","methodology":"Derived from RBNZ Table C31 investor memo series tracking LVR thresholds at 60% and 70%.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/investor-equity-tiers/","summary_text":"In September 2026, RBNZ Table C31 investor commitments comprised an HLF-derived 43.8% at &le;60% LVR (1,169 loans), 36.4% between 60% and 70% LVR (972 loans), and 19.8% at &gt;70% LVR (527 loans, or $337m).","citation":"HLF Pulse, Home Loan Factory. \"Property investor LVR & equity tier breakdown (<=60% LVR, 60%\u201370% LVR, >70% LVR),\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/investor-equity-tiers/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What proportion of NZ property investors borrow at >60% LVR (less than 40% equity)?","What percentage of NZ property investors borrow in the 60%\u201370% LVR (30%\u201340% equity) band vs >70% LVR?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB2.TN, LVRN.MMB2.FN, LVRN.MMB2.DN, LVRN.MMB2.AN","hlf_transformation":"<=60% LVR: 1,169 \u00f7 2,668 = 43.8% | 60\u201370% LVR: 972 \u00f7 2,668 = 36.4% | >70% LVR: 527 \u00f7 2,668 = 19.8%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/investor-equity-tiers/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Usable Equity Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/usable-equity-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"mover-low-equity":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table C31 recorded <strong>769 mortgages ($378m)</strong> for existing ('other') owner-occupiers at <strong>&gt;80% LVR</strong>\u2014an HLF-derived <strong>5.1%</strong> share of existing owner-occupier approvals, up from 3.3% a year earlier.","official_data_summary":"RBNZ Table C31 (September 2026): 769 >80% LVR other owner-occupier loans ($378m) out of 15,096 total other owner-occupier loans.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":5.09,"latest_value":"5.1% at >80% LVR (769 loans / $378m)","previous_period":"September 2025 (3.3%)","change":"+1.8 percentage points YoY","calculation_live":"769 \u00f7 15,096 = 5.1%","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":5.09,"formatted":"5.1%"},{"period":"2026-08","label":"Aug 2026","value":4.95,"formatted":"5.0%"},{"period":"2026-07","label":"Jul 2026","value":4.77,"formatted":"4.8%"},{"period":"2026-06","label":"Jun 2026","value":4.19,"formatted":"4.2%"},{"period":"2026-05","label":"May 2026","value":3.79,"formatted":"3.8%"},{"period":"2026-04","label":"Apr 2026","value":3.61,"formatted":"3.6%"},{"period":"2026-03","label":"Mar 2026","value":3.99,"formatted":"4.0%"},{"period":"2026-02","label":"Feb 2026","value":3.9,"formatted":"3.9%"},{"period":"2026-01","label":"Jan 2026","value":3.77,"formatted":"3.8%"},{"period":"2025-12","label":"Dec 2025","value":2.64,"formatted":"2.6%"},{"period":"2025-11","label":"Nov 2025","value":3.44,"formatted":"3.4%"},{"period":"2025-10","label":"Oct 2025","value":3.45,"formatted":"3.5%"},{"period":"2025-09","label":"Sep 2025","value":3.28,"formatted":"3.3%"}],"ticker":"mover-low-equity","name":"Existing owner-occupiers approved at >80% LVR (under 20% equity)","also_known_as":"High-LVR (>80% LVR) other owner-occupier share","category":"Homeowners & equity","topic":"Next-home buyers & homeowner equity","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB2.BC2, LVRN.MMB1.BC2, LVRN.MMB2.AC2","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported counts/values & HLF-derived share","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The officially reported number and dollar value, plus HLF-derived percentage share, of 'Other owner-occupiers' (non-first-home buyers moving, refinancing, or borrowing) approved at >80% LVR.","calculation":"769 \u00f7 15,096 = 5.1%","formula":"(>80% LVR Other Owner-Occupiers [LVRN.MMB2.BC2] \u00f7 Total Other Owner-Occupiers [LVRN.MMB2.AC2]) \u00d7 100","hlf_interpretation":"HLF market context (not disaggregated in C31): Captures non-first-home owner-occupier lending above 80% LVR, which can include new-build purchases, bridging/relocation lending, and bank speed-limit allocations.","methodology":"Sourced from RBNZ Table C31 series B3/F3 (Higher than 80% LVR other owner-occupiers).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/mover-low-equity/","summary_text":"In September 2026, RBNZ Table C31 recorded 769 mortgages ($378m) for existing ('other') owner-occupiers at &gt;80% LVR\u2014an HLF-derived 5.1% share of existing owner-occupier approvals, up from 3.3% a year earlier.","citation":"HLF Pulse, Home Loan Factory. \"Existing owner-occupiers approved at >80% LVR (under 20% equity),\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/mover-low-equity/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["Can existing homeowners move or borrow at >80% LVR (less than 20% equity) in NZ?","How many existing NZ owner-occupiers are approved with >80% LVR each month?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB2.BC2, LVRN.MMB1.BC2, LVRN.MMB2.AC2","hlf_transformation":"769 \u00f7 15,096 = 5.1%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/mover-low-equity/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Net Proceeds & Next Home Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/net-proceeds-and-next-home-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"fhb-annual-milestone":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"Over the 12 months to September 2026, RBNZ Table C31 recorded an HLF-derived rolling total of <strong>33,485 first-home buyer mortgages</strong> totalling <strong>$19.61B in lending</strong> (up from 31,589 loans a year earlier)\u2014including <strong>15,743 borrowers (47.0%)</strong> approved at <strong>&gt;80% LVR (under a 20% deposit)</strong>.","official_data_summary":"RBNZ Table C31 (12 months to September 2026): Sum of monthly FHB approvals = 33,485 loans ($19,613m); >80% LVR FHB approvals = 15,743 loans.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":33485.0,"latest_value":"33,485 loans / $19.61B (12m rolling)","previous_period":"September 2025 (31,589 loans)","change":"+1,896 annual FHB loans YoY","calculation_live":"12-month sum = 33,485 loans ($19,613m); >80% LVR share = 15,743 \u00f7 33,485 = 47.0%","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":33485.0,"formatted":"33,485 loans (12m rolling)"},{"period":"2026-08","label":"Aug 2026","value":33561.0,"formatted":"33,561 loans (12m rolling)"},{"period":"2026-07","label":"Jul 2026","value":33572.0,"formatted":"33,572 loans (12m rolling)"},{"period":"2026-06","label":"Jun 2026","value":33860.0,"formatted":"33,860 loans (12m rolling)"},{"period":"2026-05","label":"May 2026","value":33797.0,"formatted":"33,797 loans (12m rolling)"},{"period":"2026-04","label":"Apr 2026","value":33817.0,"formatted":"33,817 loans (12m rolling)"},{"period":"2026-03","label":"Mar 2026","value":33654.0,"formatted":"33,654 loans (12m rolling)"},{"period":"2026-02","label":"Feb 2026","value":33203.0,"formatted":"33,203 loans (12m rolling)"},{"period":"2026-01","label":"Jan 2026","value":32804.0,"formatted":"32,804 loans (12m rolling)"},{"period":"2025-12","label":"Dec 2025","value":32846.0,"formatted":"32,846 loans (12m rolling)"},{"period":"2025-11","label":"Nov 2025","value":32112.0,"formatted":"32,112 loans (12m rolling)"},{"period":"2025-10","label":"Oct 2025","value":31809.0,"formatted":"31,809 loans (12m rolling)"},{"period":"2025-09","label":"Sep 2025","value":31589.0,"formatted":"31,589 loans (12m rolling)"}],"ticker":"fhb-annual-milestone","name":"Annual rolling 12-month first-home buyer mortgage approvals","also_known_as":"Annual NZ first-home buyer loan count & volume","category":"First-home buyers","topic":"First-home lending","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB2.AC1, LVRN.MMB1.AC1, LVRN.MMB2.BC1","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"loans","data_type":"HLF-derived 12-month rolling sum & HLF-calculated comparison","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The HLF-derived cumulative number and dollar value of first-home buyer mortgages approved across New Zealand over the trailing 12 months, including the number approved at >80% LVR.","calculation":"12-month sum = 33,485 loans ($19,613m); >80% LVR share = 15,743 \u00f7 33,485 = 47.0%","formula":"12-month trailing sum of LVRN.MMB2.AC1 (borrowers), LVRN.MMB1.AC1 (NZDm), and LVRN.MMB2.BC1 (>80% LVR borrowers)","hlf_interpretation":"HLF market context: Summing 12 consecutive monthly RBNZ C31 releases smooths out summer/winter seasonality to show annual commitment volume.","methodology":"Rolling 12-month sum of monthly RBNZ Table C31 firm commitments to first-home buyers.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/fhb-annual-milestone/","summary_text":"Over the 12 months to September 2026, RBNZ Table C31 recorded an HLF-derived rolling total of 33,485 first-home buyer mortgages totalling $19.61B in lending (up from 31,589 loans a year earlier)\u2014including 15,743 borrowers (47.0%) approved at &gt;80% LVR (under a 20% deposit).","citation":"HLF Pulse, Home Loan Factory. \"Annual rolling 12-month first-home buyer mortgage approvals,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/fhb-annual-milestone/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many first-home buyers get approved for a mortgage each year in New Zealand?","How many Kiwis buy their first home with under a 20% deposit per year?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB2.AC1, LVRN.MMB1.AC1, LVRN.MMB2.BC1","hlf_transformation":"12-month sum = 33,485 loans ($19,613m); >80% LVR share = 15,743 \u00f7 33,485 = 47.0%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/fhb-annual-milestone/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"NZ Sale & Purchase Agreement Walkthrough","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/nz-sale-and-purchase-agreement-walkthrough"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"equity-topup-demand":{"chip":"RBNZ C33","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table C33 recorded <strong>$962m of mortgage top-up lending</strong> across <strong>9,639 borrowers</strong> (an HLF-derived mean of <strong>$99,803</strong> per top-up).","official_data_summary":"RBNZ Table C33 (September 2026): Top-up lending value = $962m across 9,639 borrowers.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-purpose\" target=\"_blank\" rel=\"noopener\">RBNZ Table C33</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":962.0,"latest_value":"$962m across 9,639 borrowers (avg $99,803)","previous_period":"September 2025 ($994m)","change":"-32m YoY","calculation_live":"Directly reported $962m of top-up lending \u00d7 $1m \u00f7 9,639 borrowers = $99,803 mean","historical_data_from":"Available from January 2017 (117 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":962.0,"formatted":"$962m"},{"period":"2026-08","label":"Aug 2026","value":845.0,"formatted":"$845m"},{"period":"2026-07","label":"Jul 2026","value":973.0,"formatted":"$973m"},{"period":"2026-06","label":"Jun 2026","value":992.0,"formatted":"$992m"},{"period":"2026-05","label":"May 2026","value":1061.0,"formatted":"$1,061m"},{"period":"2026-04","label":"Apr 2026","value":1011.0,"formatted":"$1,011m"},{"period":"2026-03","label":"Mar 2026","value":1117.0,"formatted":"$1,117m"},{"period":"2026-02","label":"Feb 2026","value":842.0,"formatted":"$842m"},{"period":"2026-01","label":"Jan 2026","value":589.0,"formatted":"$589m"},{"period":"2025-12","label":"Dec 2025","value":1050.0,"formatted":"$1,050m"},{"period":"2025-11","label":"Nov 2025","value":943.0,"formatted":"$943m"},{"period":"2025-10","label":"Oct 2025","value":1007.0,"formatted":"$1,007m"},{"period":"2025-09","label":"Sep 2025","value":994.0,"formatted":"$994m"}],"ticker":"equity-topup-demand","name":"Monthly mortgage top-up lending","also_known_as":"Total monthly mortgage top-up dollar lending (RBNZ C33)","category":"Homeowners & equity","topic":"Homeowner equity & top-ups","source":"RBNZ C33","source_full":"Reserve Bank of New Zealand Table C33","source_series_ids":"LVRN.MMB1.AZB, LVRN.MMB2.AZB","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-purpose","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZDm","data_type":"Officially reported dollar lending & HLF-derived average","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Total monthly dollar value of new residential mortgage top-up commitments approved for existing borrowers in RBNZ Table C33.","calculation":"Directly reported $962m of top-up lending \u00d7 $1m \u00f7 9,639 borrowers = $99,803 mean","formula":"Officially reported LVRN.MMB1.AZB dollar total; Avg top-up = LVRN.MMB1.AZB \u00d7 $1m \u00f7 LVRN.MMB2.AZB","hlf_interpretation":"HLF market context: This represents homeowners drawing additional borrowing against existing property equity, subject to lender servicing and LVR policy.","methodology":"Sourced from RBNZ Table C33 series LVRN.MMB1.AZB (Top-up lending value, rounded to $1m) and LVRN.MMB2.AZB (Top-up borrower count).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/equity-topup-demand/","summary_text":"In September 2026, RBNZ Table C33 recorded $962m of mortgage top-up lending across 9,639 borrowers (an HLF-derived mean of $99,803 per top-up).","citation":"HLF Pulse, Home Loan Factory. \"Monthly mortgage top-up lending,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C33. https://pulse-data.homeloanfactory.co.nz/equity-topup-demand/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much mortgage top-up lending is approved in New Zealand each month?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C33","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-purpose","source_series_ids":"LVRN.MMB1.AZB, LVRN.MMB2.AZB","hlf_transformation":"Directly reported $962m of top-up lending \u00d7 $1m \u00f7 9,639 borrowers = $99,803 mean","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/equity-topup-demand/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Usable Equity Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/usable-equity-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"borrower-income":{"chip":"RBNZ C41","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"Based on HLF's calculation across RBNZ Table C41's five Debt-to-Income bands (<strong>$383.0m</strong> total band gross income divided by <strong>2,655.4</strong> implied applications), approved New Zealand first-home buyer mortgage applications averaged <strong>$144,232</strong> in gross borrower income in September 2026 (with official RBNZ band averages ranging from <strong>$123,000</strong> to <strong>$197,000</strong>).","official_data_summary":"RBNZ Table C41 (September 2026) Official FHB Band Figures (pools rounded to $0.1m, averages to $1,000): TDTI \u2264 3x income: $197,000 avg ($59.0m pool / 299.5 implied apps) | 3x < TDTI \u2264 4x income: $151,000 avg ($101.0m pool / 668.9 implied apps) | 4x < TDTI \u2264 5x income: $139,000 avg ($124.0m pool / 892.1 implied apps) | 5x < TDTI \u2264 6x income: $125,000 avg ($76.0m pool / 608.0 implied apps) | TDTI > 6x income: $123,000 avg ($23.0m pool / 187.0 implied apps).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/residential-mortgage-borrower-gross-income-bgi\" target=\"_blank\" rel=\"noopener\">RBNZ Table C41</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":144232,"latest_value":"$144,232 FHB mean","previous_period":"September 2025 ($144,534 FHB)","change":"$-302 YoY","calculation_live":"FHB: $383.0m total band income \u00f7 2,655.4 implied applications = $144,232 (subject to RBNZ band rounding)","historical_data_from":"Available from June 2017 (112 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":144.23,"formatted":"$144,232"},{"period":"2026-08","label":"Aug 2026","value":147.27,"formatted":"$147,271"},{"period":"2026-07","label":"Jul 2026","value":145.94,"formatted":"$145,942"},{"period":"2026-06","label":"Jun 2026","value":147.58,"formatted":"$147,576"},{"period":"2026-05","label":"May 2026","value":146.2,"formatted":"$146,205"},{"period":"2026-04","label":"Apr 2026","value":144.37,"formatted":"$144,369"},{"period":"2026-03","label":"Mar 2026","value":148.01,"formatted":"$148,011"},{"period":"2026-02","label":"Feb 2026","value":143.29,"formatted":"$143,290"},{"period":"2026-01","label":"Jan 2026","value":148.89,"formatted":"$148,888"},{"period":"2025-12","label":"Dec 2025","value":147.21,"formatted":"$147,209"},{"period":"2025-11","label":"Nov 2025","value":146.1,"formatted":"$146,099"},{"period":"2025-10","label":"Oct 2025","value":144.07,"formatted":"$144,066"},{"period":"2025-09","label":"Sep 2025","value":144.53,"formatted":"$144,534"}],"ticker":"borrower-income","name":"Average gross borrower income on approved FHB mortgage applications","also_known_as":"RBNZ C41 Borrower Gross Income (BGI) \u2014 First-home buyer mean application income","category":"First-home buyers","topic":"Borrower income & servicing","source":"RBNZ C41","source_full":"Reserve Bank of New Zealand Table C41","source_series_ids":"DTINI.MPA (Borrower Gross Income by TDTI band)","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/residential-mortgage-borrower-gross-income-bgi","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD","data_type":"HLF-calculated mean gross income across C41 TDTI bands (Total band income \u00f7 implied borrower count)","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The HLF-calculated mean annual pre-tax gross income across approved New Zealand first-home buyer mortgage applications (combining all single and joint applicants on the loan).","calculation":"FHB: $383.0m total band income \u00f7 2,655.4 implied applications = $144,232 (subject to RBNZ band rounding)","formula":"Total Gross Income NZDm across all C41 TDTI bands \u00f7 Implied Application Count (Sum of [Band NZDm \u00d7 1,000 \u00f7 Band Avg Income NZD000s])","hlf_interpretation":"HLF market context: RBNZ Table C41 publishes band-level figures rather than a single nationwide mean; the overall figure is calculated by HLF from those published band figures. Because C41 measures total gross income per mortgage application (often combining two earners plus eligible boarder income), it represents combined application income rather than an individual salary.","methodology":"Computed by HLF from RBNZ Table C41 (Residential mortgage borrower gross income) by dividing total gross income across all Total Debt-to-Income (TDTI) bands by the implied borrower count (Band Total Income \u00f7 Band Average Income). Note that RBNZ publishes band income pools rounded to $0.1m and band averages rounded to $1,000s, so implied application counts reflect source rounding.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/borrower-income/","summary_text":"Based on HLF's calculation across RBNZ Table C41's five Debt-to-Income bands ($383.0m total band gross income divided by 2,655.4 implied applications), approved New Zealand first-home buyer mortgage applications averaged $144,232 in gross borrower income in September 2026 (with official RBNZ band averages ranging from $123,000 to $197,000).","citation":"HLF Pulse, Home Loan Factory. \"Average gross borrower income on approved FHB mortgage applications,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C41. https://pulse-data.homeloanfactory.co.nz/borrower-income/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What is the average combined household income on an approved first-home mortgage in NZ?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C41","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/residential-mortgage-borrower-gross-income-bgi","source_series_ids":"DTINI.MPA (Borrower Gross Income by TDTI band)","hlf_transformation":"FHB: $383.0m total band income \u00f7 2,655.4 implied applications = $144,232 (subject to RBNZ band rounding)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/borrower-income/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Borrowing Power Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/borrowing-power-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"fhb-income-akl-vs-nz":{"chip":"RBNZ C41","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, official RBNZ Table C41 average gross borrower incomes across New Zealand first-home buyer Debt-to-Income bands ranged from <strong>$123,000</strong> to <strong>$197,000</strong>, with an HLF-calculated mean of <strong>$144,232</strong> (<strong>$383.0m</strong> total band gross income divided by <strong>2,655.4</strong> implied applications across all 5 bands; see reproducible table below).","official_data_summary":"RBNZ Table C41 (September 2026) Official FHB Band Figures (pools rounded to $0.1m, averages to $1,000): TDTI \u2264 3x income: $197,000 avg ($59.0m pool / 299.5 implied apps) | 3x < TDTI \u2264 4x income: $151,000 avg ($101.0m pool / 668.9 implied apps) | 4x < TDTI \u2264 5x income: $139,000 avg ($124.0m pool / 892.1 implied apps) | 5x < TDTI \u2264 6x income: $125,000 avg ($76.0m pool / 608.0 implied apps) | TDTI > 6x income: $123,000 avg ($23.0m pool / 187.0 implied apps).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/residential-mortgage-borrower-gross-income-bgi\" target=\"_blank\" rel=\"noopener\">RBNZ Table C41</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":144232,"tdti_bands":[{"band":"TDTI \u2264 3x income","avg_income_nzd":197000,"total_income_m":59.0,"implied_borrowers":299.5},{"band":"3x < TDTI \u2264 4x income","avg_income_nzd":151000,"total_income_m":101.0,"implied_borrowers":668.9},{"band":"4x < TDTI \u2264 5x income","avg_income_nzd":139000,"total_income_m":124.0,"implied_borrowers":892.1},{"band":"5x < TDTI \u2264 6x income","avg_income_nzd":125000,"total_income_m":76.0,"implied_borrowers":608.0},{"band":"TDTI > 6x income","avg_income_nzd":123000,"total_income_m":23.0,"implied_borrowers":187.0}],"tdti_total_pool_m":383.0,"tdti_total_implied_apps":2655.4,"latest_value":"$144,232 HLF mean | Official C41 bands: $123,000\u2013$197,000","previous_period":"September 2025 ($144,534 HLF mean)","change":"$-302 (-0.2%) YoY","calculation_live":"$383.0m total band income \u00d7 $1m \u00f7 2,655.4 total implied applications = $144,232 (reproducible from the 5 band rows; subject to RBNZ rounding)","historical_data_from":"Available from June 2017 (112 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":144.23,"formatted":"$144,232"},{"period":"2026-08","label":"Aug 2026","value":147.27,"formatted":"$147,271"},{"period":"2026-07","label":"Jul 2026","value":145.94,"formatted":"$145,942"},{"period":"2026-06","label":"Jun 2026","value":147.58,"formatted":"$147,576"},{"period":"2026-05","label":"May 2026","value":146.2,"formatted":"$146,205"},{"period":"2026-04","label":"Apr 2026","value":144.37,"formatted":"$144,369"},{"period":"2026-03","label":"Mar 2026","value":148.01,"formatted":"$148,011"},{"period":"2026-02","label":"Feb 2026","value":143.29,"formatted":"$143,290"},{"period":"2026-01","label":"Jan 2026","value":148.89,"formatted":"$148,888"},{"period":"2025-12","label":"Dec 2025","value":147.21,"formatted":"$147,209"},{"period":"2025-11","label":"Nov 2025","value":146.1,"formatted":"$146,099"},{"period":"2025-10","label":"Oct 2025","value":144.07,"formatted":"$144,066"},{"period":"2025-09","label":"Sep 2025","value":144.53,"formatted":"$144,534"}],"ticker":"fhb-income-akl-vs-nz","name":"Approved FHB gross borrower income by Debt-to-Income band \u2014 New Zealand","also_known_as":"Approved first-home buyer gross application income by TDTI band (RBNZ C41)","category":"First-home buyers","topic":"First-home lending & borrower income","source":"RBNZ C41","source_full":"Reserve Bank of New Zealand Table C41","source_series_ids":"DTINI.MPA (Nationwide First-Home Buyer TDTI income bands)","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/residential-mortgage-borrower-gross-income-bgi","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD","data_type":"Officially reported TDTI band averages & HLF-calculated overall mean (Total band income \u00f7 implied applications)","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Official RBNZ Table C41 average pre-tax gross borrower income across each of the five first-home buyer Total Debt-to-Income (TDTI) bands, alongside the HLF-calculated mean across all bands.","calculation":"$383.0m total band income \u00d7 $1m \u00f7 2,655.4 total implied applications = $144,232 (reproducible from the 5 band rows; subject to RBNZ rounding)","formula":"Sum of Band Gross Income Pools ($m) \u00f7 Sum of Implied Band Applications (Band Pool $m \u00d7 1,000 \u00f7 Band Avg Income $000s)","hlf_interpretation":"HLF market context: RBNZ Table C41 reports each TDTI band separately; the overall mean is derived by HLF and can be reproduced directly from the band breakdown table below. Because mortgage applications frequently combine two incomes, application averages sit higher than single-earner salaries.","methodology":"Sourced from RBNZ Table C41 (Residential mortgage borrower gross income) across the five first-home buyer TDTI bands. Implied application counts per band are derived from RBNZ's published band income totals ($m) and band averages ($000s) and are subject to rounding in RBNZ's source tables.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/fhb-income-akl-vs-nz/","summary_text":"In September 2026, official RBNZ Table C41 average gross borrower incomes across New Zealand first-home buyer Debt-to-Income bands ranged from $123,000 to $197,000, with an HLF-calculated mean of $144,232 ($383.0m total band gross income divided by 2,655.4 implied applications across all 5 bands; see reproducible table below).","citation":"HLF Pulse, Home Loan Factory. \"Approved FHB gross borrower income by Debt-to-Income band \u2014 New Zealand,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C41. https://pulse-data.homeloanfactory.co.nz/fhb-income-akl-vs-nz/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How does first-home buyer gross income vary across Debt-to-Income (TDTI) bands in RBNZ C41?","What is the average gross borrower income on an approved first-home mortgage application in New Zealand?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C41","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/residential-mortgage-borrower-gross-income-bgi","source_series_ids":"DTINI.MPA (Nationwide First-Home Buyer TDTI income bands)","hlf_transformation":"$383.0m total band income \u00d7 $1m \u00f7 2,655.4 total implied applications = $144,232 (reproducible from the 5 band rows; subject to RBNZ rounding)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/fhb-income-akl-vs-nz/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Borrowing Power Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/borrowing-power-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"fhb-regional-kiwisaver":{"chip":"Inland Revenue","as_of":"2026-06-30","max_age_days":420,"html":"Over the year ended 30 June 2026, Inland Revenue recorded <strong>50,330 KiwiSaver members</strong> withdrawing <strong>$2.27B</strong> for a first home across New Zealand's 16 regions\u2014an HLF-derived mean of <strong>$45,005 per withdrawing member nationwide</strong>, ranging from <strong>$50,364/member in Wellington</strong> (and <strong>$47,630/member in Auckland</strong>) to <strong>$39,916/member in Southland</strong>.","official_data_summary":"Inland Revenue Regional KiwiSaver Withdrawals (Year ended 30 June 2026): 50,330 members withdrew $2,265,097,300 across 16 NZ regions.","source_html":"Source: <a href=\"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/withdrawals/kiwisaver-fund-withdrawals-by-region\" target=\"_blank\" rel=\"noopener\">Inland Revenue \u2014 KiwiSaver Fund Withdrawals by Region (Year ended Jun 2026)</a> (CC BY 4.0). Derived by HLF (CC BY 4.0).","latest_period":"Year ended June 2026","value":45005,"latest_value":"$45,005/member NZ (50,330 members / $2.27B total)","previous_period":"Regional range: $39,916\u2013$50,364 per member","change":"Highest: Wellington $50,364 | Lowest: Southland $39,916","calculation_live":"$2,265,097,300 \u00f7 50,330 members = $45,005/member (Regional range: $39,916\u2013$50,364)","historical_data_from":"16 NZ Regions (Year ended 30 June 2026)","history":[{"period":"Wellington","label":"Wellington","value":50364,"formatted":"$50,364/member (5,180 members, $260.88m)"},{"period":"Gisborne","label":"Gisborne","value":48731,"formatted":"$48,731/member (410 members, $19.98m)"},{"period":"Auckland","label":"Auckland","value":47630,"formatted":"$47,630/member (15,930 members, $758.75m)"},{"period":"Tasman","label":"Tasman","value":43845,"formatted":"$43,845/member (510 members, $22.36m)"},{"period":"Bay of Plenty","label":"Bay of Plenty","value":43656,"formatted":"$43,656/member (3,060 members, $133.59m)"},{"period":"Marlborough","label":"Marlborough","value":43184,"formatted":"$43,184/member (500 members, $21.59m)"},{"period":"Hawke's Bay","label":"Hawke's Bay","value":43151,"formatted":"$43,151/member (1,700 members, $73.36m)"},{"period":"Waikato","label":"Waikato","value":42939,"formatted":"$42,939/member (5,380 members, $231.01m)"},{"period":"Manawat\u016b-Whanganui","label":"Manawat\u016b-Whanganui","value":42421,"formatted":"$42,421/member (2,540 members, $107.75m)"},{"period":"Northland","label":"Northland","value":42421,"formatted":"$42,421/member (1,400 members, $59.39m)"},{"period":"Canterbury","label":"Canterbury","value":42396,"formatted":"$42,396/member (8,130 members, $344.68m)"},{"period":"Otago","label":"Otago","value":42285,"formatted":"$42,285/member (2,490 members, $105.29m)"},{"period":"West Coast","label":"West Coast","value":41923,"formatted":"$41,923/member (330 members, $13.83m)"},{"period":"Taranaki","label":"Taranaki","value":41441,"formatted":"$41,441/member (1,090 members, $45.17m)"},{"period":"Nelson","label":"Nelson","value":40664,"formatted":"$40,664/member (540 members, $21.96m)"},{"period":"Southland","label":"Southland","value":39916,"formatted":"$39,916/member (1,140 members, $45.50m)"}],"source_published":"Annual Inland Revenue regional KiwiSaver withdrawal release (published post-30 June FY)","ticker":"fhb-regional-kiwisaver","name":"Regional KiwiSaver first-home withdrawal averages per member across New Zealand","also_known_as":"KiwiSaver first-home withdrawal average by NZ region (16 regions)","category":"First-home buyers","topic":"KiwiSaver & regional first-home deposits","source":"Inland Revenue","source_full":"Inland Revenue \u2014 KiwiSaver Fund Withdrawals by Region","source_series_ids":"IRD Annual Regional KiwiSaver First-Home Purchase Withdrawals","source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/withdrawals/kiwisaver-fund-withdrawals-by-region","period":"2026-06","observation_period":"Year ended June 2026","observed_period":"2026-06","period_end":"2026-06-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD","data_type":"Officially reported IRD regional totals & HLF-derived per-member averages","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"HLF-derived mean KiwiSaver first-home withdrawal amount per withdrawing member across New Zealand's 16 regions, calculated from Inland Revenue's annual regional withdrawal totals and member counts.","calculation":"$2,265,097,300 \u00f7 50,330 members = $45,005/member (Regional range: $39,916\u2013$50,364)","formula":"Regional Mean per Member = Regional First-Home Withdrawal Dollars \u00f7 Regional Withdrawing Members","hlf_interpretation":"HLF market context: IRD reports withdrawals per individual member (not per couple). For illustrative household planning, two withdrawing members at the national mean of ~$45,005/member would total ~$90,010 combined.","methodology":"Published annually by Inland Revenue for the financial year ended 30 June based on member postcodes.","update_frequency":"Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/fhb-regional-kiwisaver/","summary_text":"Over the year ended 30 June 2026, Inland Revenue recorded 50,330 KiwiSaver members withdrawing $2.27B for a first home across New Zealand's 16 regions\u2014an HLF-derived mean of $45,005 per withdrawing member nationwide, ranging from $50,364/member in Wellington (and $47,630/member in Auckland) to $39,916/member in Southland.","citation":"HLF Pulse, Home Loan Factory. \"Regional KiwiSaver first-home withdrawal averages per member across New Zealand,\" Year ended June 2026. Derived by HLF from Inland Revenue \u2014 KiwiSaver Fund Withdrawals by Region. https://pulse-data.homeloanfactory.co.nz/fhb-regional-kiwisaver/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much KiwiSaver do first-home buyers withdraw per member in Wellington, Auckland, and Canterbury?"],"citation_chain":{"official_source":"Inland Revenue \u2014 KiwiSaver Fund Withdrawals by Region","official_source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/withdrawals/kiwisaver-fund-withdrawals-by-region","source_series_ids":"IRD Annual Regional KiwiSaver First-Home Purchase Withdrawals","hlf_transformation":"$2,265,097,300 \u00f7 50,330 members = $45,005/member (Regional range: $39,916\u2013$50,364)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/fhb-regional-kiwisaver/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"KiwiSaver vs Loan Payoff Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/kiwisaver-vs-loan-payoff-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"investor-low-deposit":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table C31 recorded <strong>52 property investor mortgages ($36m)</strong> at <strong>&gt;80% LVR</strong> (an HLF-derived <strong>1.9%</strong> share of investors, up from 34 loans / $23m a year earlier) (and an HLF-derived 12-month total of <strong>508 loans / $328m</strong>), alongside an HLF-derived <strong>475 investor loans ($301m, or 17.8%)</strong> in the <strong>70%\u201380% LVR</strong> band.","official_data_summary":"RBNZ Table C31 (September 2026): >80% LVR investors = 52 loans ($36m); >70% LVR investors = 527 loans ($337m).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":52.0,"latest_value":">80% LVR: 52 loans ($36m) | 70\u201380% LVR: 475 loans ($301m)","previous_period":"September 2025 (34 loans ($23m) >80% LVR)","change":"+18 loans (+13m) YoY in >80% LVR tier","calculation_live":">80% LVR: 52 \u00f7 2,668 = 1.9% ($36m) | 70\u201380% LVR: 527 - 52 = 475 loans ($301m)","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":52.0,"formatted":"52 loans (>80% LVR)"},{"period":"2026-08","label":"Aug 2026","value":48.0,"formatted":"48 loans (>80% LVR)"},{"period":"2026-07","label":"Jul 2026","value":51.0,"formatted":"51 loans (>80% LVR)"},{"period":"2026-06","label":"Jun 2026","value":51.0,"formatted":"51 loans (>80% LVR)"},{"period":"2026-05","label":"May 2026","value":54.0,"formatted":"54 loans (>80% LVR)"},{"period":"2026-04","label":"Apr 2026","value":34.0,"formatted":"34 loans (>80% LVR)"},{"period":"2026-03","label":"Mar 2026","value":53.0,"formatted":"53 loans (>80% LVR)"},{"period":"2026-02","label":"Feb 2026","value":33.0,"formatted":"33 loans (>80% LVR)"},{"period":"2026-01","label":"Jan 2026","value":24.0,"formatted":"24 loans (>80% LVR)"},{"period":"2025-12","label":"Dec 2025","value":38.0,"formatted":"38 loans (>80% LVR)"},{"period":"2025-11","label":"Nov 2025","value":35.0,"formatted":"35 loans (>80% LVR)"},{"period":"2025-10","label":"Oct 2025","value":35.0,"formatted":"35 loans (>80% LVR)"},{"period":"2025-09","label":"Sep 2025","value":34.0,"formatted":"34 loans (>80% LVR)"}],"ticker":"investor-low-deposit","name":"Property investor loans approved at >80% LVR (<20% deposit) & 70%\u201380% LVR","also_known_as":"High-LVR (>80% LVR & 70%\u201380% LVR) property investor lending","category":"Property investors & rents","topic":"Property investment & new builds","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB1.BN, LVRN.MMB2.BN, LVRN.MMB1.DN, LVRN.MMB2.DN","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"loans","data_type":"Officially reported >80% LVR counts/values & HLF-derived 70%\u201380% LVR tier","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The officially reported number and dollar value of residential property investor mortgages approved at >80% LVR (under 20% deposit), alongside the HLF-derived 70% < LVR <= 80% band (20%\u201330% deposit).","calculation":">80% LVR: 52 \u00f7 2,668 = 1.9% ($36m) | 70\u201380% LVR: 527 - 52 = 475 loans ($301m)","formula":">80% LVR = LVRN.MMB2.BN; 70%\u201380% LVR = LVRN.MMB2.DN minus LVRN.MMB2.BN","hlf_interpretation":"HLF market context (not disaggregated in C31): Captures investor lending above 80% LVR and between 70% and 80% LVR. This can include lending supported by new-build exemptions, combined-collateral refinancing, bank high-LVR allocations, and other lending permitted under individual lender policies.","methodology":"In RBNZ Table C31, >80% LVR investor loans are reported in LVRN.MMB2.BN / LVRN.MMB1.BN, while the 70% < LVR <= 80% band is derived by subtracting >80% LVR from >70% LVR (LVRN.MMB2.DN minus LVRN.MMB2.BN; dollar series rounded by RBNZ to $1m).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/investor-low-deposit/","summary_text":"In September 2026, RBNZ Table C31 recorded 52 property investor mortgages ($36m) at &gt;80% LVR (an HLF-derived 1.9% share of investors, up from 34 loans / $23m a year earlier) (and an HLF-derived 12-month total of 508 loans / $328m), alongside an HLF-derived 475 investor loans ($301m, or 17.8%) in the 70%\u201380% LVR band.","citation":"HLF Pulse, Home Loan Factory. \"Property investor loans approved at >80% LVR (<20% deposit) & 70%\u201380% LVR,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/investor-low-deposit/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many property investor loans are approved at >80% LVR (under a 20% deposit) in NZ?","How many investor loans sit in the 70%\u201380% LVR (20%\u201330% deposit) band?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB1.BN, LVRN.MMB2.BN, LVRN.MMB1.DN, LVRN.MMB2.DN","hlf_transformation":">80% LVR: 52 \u00f7 2,668 = 1.9% ($36m) | 70\u201380% LVR: 527 - 52 = 475 loans ($301m)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/investor-low-deposit/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Turnkey vs. Construction Loan Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/turnkey-vs-construction-loan-calculator-nz"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"investor-new-build-lvr":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table C31 recorded <strong>527 property investor loans ($337m)</strong> at <strong>&gt;70% LVR</strong> (an HLF-derived <strong>19.8%</strong> share of investor approvals)\u2014comprising an HLF-derived <strong>475 loans ($301m)</strong> in the <strong>70%\u201380% LVR band</strong> and <strong>52 reported loans ($36m)</strong> at <strong>&gt;80% LVR</strong>.","official_data_summary":"RBNZ Table C31 (September 2026): >70% LVR investors = 527 loans ($337m) out of 2,668 total investor loans.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":19.75,"latest_value":"19.8% at >70% LVR (527 loans / $337m)","previous_period":"September 2025 (16.4%)","change":"+3.4 percentage points YoY","calculation_live":"527 \u00f7 2,668 = 19.8% (475 loans in 70\u201380% LVR + 52 loans in >80% LVR)","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":19.75,"formatted":"19.8% (>70% LVR)"},{"period":"2026-08","label":"Aug 2026","value":21.08,"formatted":"21.1% (>70% LVR)"},{"period":"2026-07","label":"Jul 2026","value":19.38,"formatted":"19.4% (>70% LVR)"},{"period":"2026-06","label":"Jun 2026","value":18.58,"formatted":"18.6% (>70% LVR)"},{"period":"2026-05","label":"May 2026","value":17.36,"formatted":"17.4% (>70% LVR)"},{"period":"2026-04","label":"Apr 2026","value":17.0,"formatted":"17.0% (>70% LVR)"},{"period":"2026-03","label":"Mar 2026","value":17.23,"formatted":"17.2% (>70% LVR)"},{"period":"2026-02","label":"Feb 2026","value":17.96,"formatted":"18.0% (>70% LVR)"},{"period":"2026-01","label":"Jan 2026","value":19.61,"formatted":"19.6% (>70% LVR)"},{"period":"2025-12","label":"Dec 2025","value":19.51,"formatted":"19.5% (>70% LVR)"},{"period":"2025-11","label":"Nov 2025","value":16.66,"formatted":"16.7% (>70% LVR)"},{"period":"2025-10","label":"Oct 2025","value":18.32,"formatted":"18.3% (>70% LVR)"},{"period":"2025-09","label":"Sep 2025","value":16.38,"formatted":"16.4% (>70% LVR)"}],"ticker":"investor-new-build-lvr","name":"Property investors approved at >70% LVR (under 30% deposit)","also_known_as":"Higher than 70% LVR property investor share","category":"Property investors & rents","topic":"Property investment & new builds","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB1.DN, LVRN.MMB2.DN, LVRN.MMB1.BN, LVRN.MMB2.BN","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported >70% LVR totals & HLF-derived share","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The officially reported number and dollar value, plus HLF-derived percentage share, of New Zealand property investor mortgages approved at >70% LVR (corresponding to under a 30% deposit).","calculation":"527 \u00f7 2,668 = 19.8% (475 loans in 70\u201380% LVR + 52 loans in >80% LVR)","formula":"(>70% LVR Investor Borrowers [LVRN.MMB2.DN] \u00f7 Total Investor Borrowers [LVRN.MMB2.AN]) \u00d7 100","hlf_interpretation":"HLF market context (not disaggregated in C31): Captures investor lending above the 70% LVR threshold. This can include lending supported by new-build exemptions, bank high-LVR allocations, and other lending permitted under individual lender policies.","methodology":"Sourced from RBNZ Table C31 Memo Item H2/D2 (Higher than 70% LVR investor borrowers and lending).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/investor-new-build-lvr/","summary_text":"In September 2026, RBNZ Table C31 recorded 527 property investor loans ($337m) at &gt;70% LVR (an HLF-derived 19.8% share of investor approvals)\u2014comprising an HLF-derived 475 loans ($301m) in the 70%\u201380% LVR band and 52 reported loans ($36m) at &gt;80% LVR.","citation":"HLF Pulse, Home Loan Factory. \"Property investors approved at >70% LVR (under 30% deposit),\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/investor-new-build-lvr/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What percentage of NZ property investors borrow at >70% LVR (less than a 30% deposit)?","How many investor loans are approved above 70% LVR each month?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB1.DN, LVRN.MMB2.DN, LVRN.MMB1.BN, LVRN.MMB2.BN","hlf_transformation":"527 \u00f7 2,668 = 19.8% (475 loans in 70\u201380% LVR + 52 loans in >80% LVR)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/investor-new-build-lvr/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"NZ Property Rental Yield Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/nz-property-rental-yield-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"building-insurance-inflation":{"chip":"Stats NZ CPI","as_of":"2026-09-30","max_age_days":160,"html":"In the September 2026 quarter, Stats NZ's Consumers Price Index recorded a <strong>+14.6%</strong> annual increase in the dwelling (building) insurance price index\u2014sitting <strong>+10.9 percentage points</strong> above headline CPI inflation (<strong>3.7%</strong>). Note: CPI measures percentage price-index changes rather than individual dollar premiums.","official_data_summary":"Stats NZ CPI (September 2026 quarter): Dwelling insurance price index = +14.6% YoY; All-groups CPI = +3.7% YoY.","source_html":"Source: <a href=\"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/\" target=\"_blank\" rel=\"noopener\">Stats NZ \u2014 Consumers Price Index (September 2026 quarter, Insurance Sub-Indices)</a>, licensed under CC BY 4.0. Derived comparisons licensed by HLF under CC BY 4.0.","latest_period":"September 2026 quarter","value":14.6,"latest_value":"+14.6% YoY (Dwelling insurance CPI index)","previous_period":"All-groups headline CPI: +3.7% YoY","change":"+10.9 percentage points vs. headline CPI","calculation_live":"Dwelling insurance CPI (+14.6%) minus All-groups CPI (+3.7%) = +10.9 percentage points","historical_data_from":"Stats NZ quarterly CPI insurance sub-index series","history":[{"period":"2026-09","label":"Q3 2026","value":14.6,"formatted":"+14.6% YoY"},{"period":"2026-06","label":"Q2 2026","value":16.2,"formatted":"+16.2% YoY"},{"period":"2026-03","label":"Q1 2026","value":18.4,"formatted":"+18.4% YoY"},{"period":"2025-12","label":"Q4 2025","value":21.0,"formatted":"+21.0% YoY"},{"period":"2025-09","label":"Q3 2025","value":24.6,"formatted":"+24.6% YoY"}],"source_published":"Quarterly Stats NZ CPI release (~3 weeks after reference quarter-end)","source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","ticker":"building-insurance-inflation","name":"Dwelling (building) insurance annual price inflation (Stats NZ CPI)","also_known_as":"House insurance CPI price inflation / Residential building insurance price index change","category":"Property & Natural Hazard Insurance","topic":"House & dwelling insurance pricing","source":"Stats NZ CPI","source_full":"Stats NZ \u2014 Consumers Price Index (Dwelling Insurance Sub-Index)","source_series_ids":"CPI Dwelling Insurance (Miscellaneous Goods & Services \u2014 Insurance)","period":"2026-09","observation_period":"September 2026 quarter","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported Stats NZ CPI sub-index & HLF-calculated comparison","derived_by_hlf":false,"hlf_derived_label":"No (Officially reported)","definition":"The annual percentage change in the price of residential dwelling (house) insurance as measured within the Stats NZ Consumers Price Index (CPI) basket.","calculation":"Dwelling insurance CPI (+14.6%) minus All-groups CPI (+3.7%) = +10.9 percentage points","formula":"Officially reported Stats NZ annual percentage change in the CPI Dwelling Insurance series, compared against headline all-groups CPI","hlf_interpretation":"HLF market context: Stats NZ's CPI measures percentage changes in insurance prices over time, not the actual dollar premium an individual household pays. Dwelling insurance price movements reflect global reinsurance costs, natural-hazard risk pricing, NHC levies, and residential rebuild cost inflation.","methodology":"Published quarterly by Stats NZ by tracking price movements for a representative sample of domestic dwelling insurance policies across New Zealand.","update_frequency":"Quarterly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/building-insurance-inflation/","summary_text":"In the September 2026 quarter, Stats NZ's Consumers Price Index recorded a +14.6% annual increase in the dwelling (building) insurance price index\u2014sitting +10.9 percentage points above headline CPI inflation (3.7%). Note: CPI measures percentage price-index changes rather than individual dollar premiums.","citation":"HLF Pulse, Home Loan Factory. \"Dwelling (building) insurance annual price inflation (Stats NZ CPI),\" September 2026 quarter. Source: Stats NZ \u2014 Consumers Price Index (Dwelling Insurance Sub-Index). https://pulse-data.homeloanfactory.co.nz/building-insurance-inflation/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["Why has house insurance become more expensive in New Zealand?","How fast are dwelling insurance prices changing in the Stats NZ CPI?","How does building insurance inflation compare with general CPI inflation?"],"citation_chain":{"official_source":"Stats NZ \u2014 Consumers Price Index (Dwelling Insurance Sub-Index)","official_source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","source_series_ids":"CPI Dwelling Insurance (Miscellaneous Goods & Services \u2014 Insurance)","hlf_transformation":"Unaltered official figure (Dwelling insurance CPI (+14.6%) minus All-groups CPI (+3.7%) = +10.9 percentage points)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/building-insurance-inflation/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"New Build & Rebuild Cost Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/new-build-construction-loan-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"contents-insurance-inflation":{"chip":"Stats NZ CPI","as_of":"2026-09-30","max_age_days":160,"html":"In the September 2026 quarter, Stats NZ's Consumers Price Index recorded a <strong>+9.4%</strong> annual increase in the household contents insurance price index (compared with <strong>+3.7%</strong> headline CPI inflation). Note: CPI measures percentage price-index movements rather than individual policy quotes.","official_data_summary":"Stats NZ CPI (September 2026 quarter): Contents insurance price index = +9.4% YoY; All-groups CPI = +3.7% YoY.","source_html":"Source: <a href=\"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/\" target=\"_blank\" rel=\"noopener\">Stats NZ \u2014 Consumers Price Index (September 2026 quarter, Insurance Sub-Indices)</a>, licensed under CC BY 4.0. Derived comparisons licensed by HLF under CC BY 4.0.","latest_period":"September 2026 quarter","value":9.4,"latest_value":"+9.4% YoY (Contents insurance CPI index)","previous_period":"All-groups headline CPI: +3.7% YoY","change":"+5.7 percentage points vs. headline CPI","calculation_live":"Contents insurance CPI (+9.4%) minus All-groups CPI (+3.7%) = +5.7 percentage points","historical_data_from":"Stats NZ quarterly CPI insurance sub-index series","history":[{"period":"2026-09","label":"Q3 2026","value":9.4,"formatted":"+9.4% YoY"},{"period":"2026-06","label":"Q2 2026","value":10.8,"formatted":"+10.8% YoY"},{"period":"2026-03","label":"Q1 2026","value":12.1,"formatted":"+12.1% YoY"},{"period":"2025-12","label":"Q4 2025","value":14.3,"formatted":"+14.3% YoY"},{"period":"2025-09","label":"Q3 2025","value":16.5,"formatted":"+16.5% YoY"}],"source_published":"Quarterly Stats NZ CPI release (~3 weeks after reference quarter-end)","source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","ticker":"contents-insurance-inflation","name":"Household contents insurance annual price inflation (Stats NZ CPI)","also_known_as":"Contents insurance CPI price movement","category":"Property & Natural Hazard Insurance","topic":"Contents insurance pricing","source":"Stats NZ CPI","source_full":"Stats NZ \u2014 Consumers Price Index (Contents Insurance Sub-Index)","source_series_ids":"CPI Contents Insurance (Miscellaneous Goods & Services \u2014 Insurance)","period":"2026-09","observation_period":"September 2026 quarter","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported Stats NZ CPI sub-index & HLF-calculated comparison","derived_by_hlf":false,"hlf_derived_label":"No (Officially reported)","definition":"The annual percentage change in the price of household contents insurance across New Zealand as measured in the Stats NZ Consumers Price Index (CPI).","calculation":"Contents insurance CPI (+9.4%) minus All-groups CPI (+3.7%) = +5.7 percentage points","formula":"Officially reported Stats NZ annual percentage change in the CPI Contents Insurance series","hlf_interpretation":"HLF market context: CPI tracks percentage price changes across a standardised basket of contents policies rather than individual quote amounts. For both renters and homeowners, contents cover also provides personal legal liability protection alongside replacement of household goods.","methodology":"Compiled quarterly by Stats NZ from representative domestic contents insurance policy pricing across New Zealand.","update_frequency":"Quarterly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/contents-insurance-inflation/","summary_text":"In the September 2026 quarter, Stats NZ's Consumers Price Index recorded a +9.4% annual increase in the household contents insurance price index (compared with +3.7% headline CPI inflation). Note: CPI measures percentage price-index movements rather than individual policy quotes.","citation":"HLF Pulse, Home Loan Factory. \"Household contents insurance annual price inflation (Stats NZ CPI),\" September 2026 quarter. Source: Stats NZ \u2014 Consumers Price Index (Contents Insurance Sub-Index). https://pulse-data.homeloanfactory.co.nz/contents-insurance-inflation/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much have contents insurance prices changed in New Zealand over the past year?","How does contents insurance inflation compare with building insurance inflation?"],"citation_chain":{"official_source":"Stats NZ \u2014 Consumers Price Index (Contents Insurance Sub-Index)","official_source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","source_series_ids":"CPI Contents Insurance (Miscellaneous Goods & Services \u2014 Insurance)","hlf_transformation":"Unaltered official figure (Contents insurance CPI (+9.4%) minus All-groups CPI (+3.7%) = +5.7 percentage points)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/contents-insurance-inflation/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Home Loan Repayments Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/home-loan-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"vehicle-insurance-inflation":{"chip":"Stats NZ CPI","as_of":"2026-09-30","max_age_days":160,"html":"In the September 2026 quarter, Stats NZ's Consumers Price Index recorded a <strong>+8.8%</strong> annual increase in the motor vehicle insurance price index\u2014sitting <strong>+5.1 percentage points</strong> above headline CPI (<strong>+3.7%</strong>).","official_data_summary":"Stats NZ CPI (September 2026 quarter): Vehicle insurance price index = +8.8% YoY; All-groups CPI = +3.7% YoY.","source_html":"Source: <a href=\"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/\" target=\"_blank\" rel=\"noopener\">Stats NZ \u2014 Consumers Price Index (September 2026 quarter, Insurance Sub-Indices)</a>, licensed under CC BY 4.0. Derived comparisons licensed by HLF under CC BY 4.0.","latest_period":"September 2026 quarter","value":8.8,"latest_value":"+8.8% YoY (Vehicle insurance CPI index)","previous_period":"All-groups headline CPI: +3.7% YoY","change":"+5.1 percentage points vs. headline CPI","calculation_live":"Vehicle insurance CPI (+8.8%) minus All-groups CPI (+3.7%) = +5.1 percentage points","historical_data_from":"Stats NZ quarterly CPI insurance sub-index series","history":[{"period":"2026-09","label":"Q3 2026","value":8.8,"formatted":"+8.8% YoY"},{"period":"2026-06","label":"Q2 2026","value":10.4,"formatted":"+10.4% YoY"},{"period":"2026-03","label":"Q1 2026","value":12.9,"formatted":"+12.9% YoY"},{"period":"2025-12","label":"Q4 2025","value":15.8,"formatted":"+15.8% YoY"},{"period":"2025-09","label":"Q3 2025","value":19.2,"formatted":"+19.2% YoY"}],"source_published":"Quarterly Stats NZ CPI release (~3 weeks after reference quarter-end)","source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","ticker":"vehicle-insurance-inflation","name":"Vehicle insurance annual price inflation (Stats NZ CPI)","also_known_as":"Motor vehicle insurance CPI price movement / Car insurance inflation NZ","category":"Property & Natural Hazard Insurance","topic":"Motor vehicle insurance pricing","source":"Stats NZ CPI","source_full":"Stats NZ \u2014 Consumers Price Index (Vehicle Insurance Sub-Index)","source_series_ids":"CPI Vehicle Insurance (Miscellaneous Goods & Services \u2014 Insurance)","period":"2026-09","observation_period":"September 2026 quarter","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported Stats NZ CPI sub-index & HLF-calculated comparison","derived_by_hlf":false,"hlf_derived_label":"No (Officially reported)","definition":"The annual percentage change in the price of private motor vehicle insurance in New Zealand as measured within the Stats NZ Consumers Price Index (CPI).","calculation":"Vehicle insurance CPI (+8.8%) minus All-groups CPI (+3.7%) = +5.1 percentage points","formula":"Officially reported Stats NZ annual percentage change in the CPI Vehicle Insurance series","hlf_interpretation":"HLF market context: Measures percentage price changes in motor vehicle insurance indices (not individual dollar quotes). In mortgage servicing assessments, fixed household insurance commitments\u2014including vehicle, house, and contents cover\u2014form part of ongoing living expenses.","methodology":"Compiled quarterly by Stats NZ from representative private motor vehicle insurance policies.","update_frequency":"Quarterly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/vehicle-insurance-inflation/","summary_text":"In the September 2026 quarter, Stats NZ's Consumers Price Index recorded a +8.8% annual increase in the motor vehicle insurance price index\u2014sitting +5.1 percentage points above headline CPI (+3.7%).","citation":"HLF Pulse, Home Loan Factory. \"Vehicle insurance annual price inflation (Stats NZ CPI),\" September 2026 quarter. Source: Stats NZ \u2014 Consumers Price Index (Vehicle Insurance Sub-Index). https://pulse-data.homeloanfactory.co.nz/vehicle-insurance-inflation/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much have car and vehicle insurance prices changed in New Zealand?","Why have motor vehicle insurance premiums risen in recent years?"],"citation_chain":{"official_source":"Stats NZ \u2014 Consumers Price Index (Vehicle Insurance Sub-Index)","official_source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","source_series_ids":"CPI Vehicle Insurance (Miscellaneous Goods & Services \u2014 Insurance)","hlf_transformation":"Unaltered official figure (Vehicle insurance CPI (+8.8%) minus All-groups CPI (+3.7%) = +5.1 percentage points)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/vehicle-insurance-inflation/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Borrowing Power Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/borrowing-power-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"health-insurance-inflation":{"chip":"Stats NZ CPI","as_of":"2026-09-30","max_age_days":160,"html":"In the September 2026 quarter, Stats NZ's Consumers Price Index recorded a <strong>+11.2%</strong> annual increase in the private health insurance price index\u2014sitting <strong>+7.5 percentage points</strong> above headline CPI (<strong>+3.7%</strong>).","official_data_summary":"Stats NZ CPI (September 2026 quarter): Health insurance price index = +11.2% YoY; All-groups CPI = +3.7% YoY.","source_html":"Source: <a href=\"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/\" target=\"_blank\" rel=\"noopener\">Stats NZ \u2014 Consumers Price Index (September 2026 quarter, Insurance Sub-Indices)</a>, licensed under CC BY 4.0. Derived comparisons licensed by HLF under CC BY 4.0.","latest_period":"September 2026 quarter","value":11.2,"latest_value":"+11.2% YoY (Health insurance CPI index)","previous_period":"All-groups headline CPI: +3.7% YoY","change":"+7.5 percentage points vs. headline CPI","calculation_live":"Health insurance CPI (+11.2%) minus All-groups CPI (+3.7%) = +7.5 percentage points","historical_data_from":"Stats NZ quarterly CPI insurance sub-index series","history":[{"period":"2026-09","label":"Q3 2026","value":11.2,"formatted":"+11.2% YoY"},{"period":"2026-06","label":"Q2 2026","value":11.8,"formatted":"+11.8% YoY"},{"period":"2026-03","label":"Q1 2026","value":12.4,"formatted":"+12.4% YoY"},{"period":"2025-12","label":"Q4 2025","value":13.1,"formatted":"+13.1% YoY"},{"period":"2025-09","label":"Q3 2025","value":13.9,"formatted":"+13.9% YoY"}],"source_published":"Quarterly Stats NZ CPI release (~3 weeks after reference quarter-end)","source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","ticker":"health-insurance-inflation","name":"Health insurance annual price inflation (Stats NZ CPI)","also_known_as":"Private medical & health insurance CPI price change NZ","category":"Personal Risk & Income Protection","topic":"Personal risk & health insurance","source":"Stats NZ CPI","source_full":"Stats NZ \u2014 Consumers Price Index (Health Insurance Sub-Index)","source_series_ids":"CPI Health Insurance (Miscellaneous Goods & Services \u2014 Insurance)","period":"2026-09","observation_period":"September 2026 quarter","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported Stats NZ CPI sub-index & HLF-calculated comparison","derived_by_hlf":false,"hlf_derived_label":"No (Officially reported)","definition":"The annual percentage change in the price of private health and medical insurance in New Zealand as measured within the Stats NZ Consumers Price Index (CPI).","calculation":"Health insurance CPI (+11.2%) minus All-groups CPI (+3.7%) = +7.5 percentage points","formula":"Officially reported Stats NZ annual percentage change in the CPI Health Insurance series","hlf_interpretation":"HLF market context: Tracks index-level price changes caused by private surgical/medical claims volume and healthcare cost inflation (distinct from age-related premium steps on an individual's policy).","methodology":"Published quarterly by Stats NZ tracking price changes for a standardised sample of private health insurance plans.","update_frequency":"Quarterly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/health-insurance-inflation/","summary_text":"In the September 2026 quarter, Stats NZ's Consumers Price Index recorded a +11.2% annual increase in the private health insurance price index\u2014sitting +7.5 percentage points above headline CPI (+3.7%).","citation":"HLF Pulse, Home Loan Factory. \"Health insurance annual price inflation (Stats NZ CPI),\" September 2026 quarter. Source: Stats NZ \u2014 Consumers Price Index (Health Insurance Sub-Index). https://pulse-data.homeloanfactory.co.nz/health-insurance-inflation/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How fast are private health insurance prices rising in New Zealand?","Why do health insurance premiums increase each year?"],"citation_chain":{"official_source":"Stats NZ \u2014 Consumers Price Index (Health Insurance Sub-Index)","official_source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","source_series_ids":"CPI Health Insurance (Miscellaneous Goods & Services \u2014 Insurance)","hlf_transformation":"Unaltered official figure (Health insurance CPI (+11.2%) minus All-groups CPI (+3.7%) = +7.5 percentage points)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/health-insurance-inflation/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Borrowing Power Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/borrowing-power-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"life-insurance-inflation":{"chip":"Stats NZ CPI","as_of":"2026-09-30","max_age_days":160,"html":"In the September 2026 quarter, Stats NZ's constant-age, constant-sum-insured life insurance price index recorded a <strong>+2.9%</strong> annual change (alongside <strong>+3.7%</strong> headline CPI inflation).","official_data_summary":"Stats NZ CPI (September 2026 quarter): Life insurance price index = +2.9% YoY; All-groups CPI = +3.7% YoY.","source_html":"Source: <a href=\"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/\" target=\"_blank\" rel=\"noopener\">Stats NZ \u2014 Consumers Price Index (September 2026 quarter, Insurance Sub-Indices)</a>, licensed under CC BY 4.0. Derived comparisons licensed by HLF under CC BY 4.0.","latest_period":"September 2026 quarter","value":2.9,"latest_value":"+2.9% YoY (Constant-age life insurance CPI index)","previous_period":"All-groups headline CPI: +3.7% YoY","change":"-0.8 percentage points vs. headline CPI","calculation_live":"Life insurance CPI (+2.9%) minus All-groups CPI (+3.7%) = -0.8 percentage points","historical_data_from":"Stats NZ quarterly CPI insurance sub-index series","history":[{"period":"2026-09","label":"Q3 2026","value":2.9,"formatted":"+2.9% YoY"},{"period":"2026-06","label":"Q2 2026","value":3.1,"formatted":"+3.1% YoY"},{"period":"2026-03","label":"Q1 2026","value":3.4,"formatted":"+3.4% YoY"},{"period":"2025-12","label":"Q4 2025","value":3.8,"formatted":"+3.8% YoY"},{"period":"2025-09","label":"Q3 2025","value":4.1,"formatted":"+4.1% YoY"}],"source_published":"Quarterly Stats NZ CPI release (~3 weeks after reference quarter-end)","source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","ticker":"life-insurance-inflation","name":"Life insurance annual price movement (Stats NZ CPI)","also_known_as":"Term life insurance CPI price index change NZ","category":"Personal Risk & Income Protection","topic":"Personal risk, life & income protection","source":"Stats NZ CPI","source_full":"Stats NZ \u2014 Consumers Price Index (Life Insurance Sub-Index)","source_series_ids":"CPI Life Insurance (Miscellaneous Goods & Services \u2014 Insurance)","period":"2026-09","observation_period":"September 2026 quarter","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported Stats NZ CPI sub-index & HLF-calculated comparison","derived_by_hlf":false,"hlf_derived_label":"No (Officially reported)","definition":"The annual percentage change in the price index for life insurance in New Zealand as measured within the Stats NZ Consumers Price Index (CPI).","calculation":"Life insurance CPI (+2.9%) minus All-groups CPI (+3.7%) = -0.8 percentage points","formula":"Officially reported Stats NZ annual percentage change in the CPI Life Insurance series","hlf_interpretation":"HLF market context: Stats NZ holds age and sum insured constant to measure underlying base-rate changes. In practice, an individual policyholder on a yearly renewable ('rate-for-age') life or income protection policy will see annual premium changes driven by both age progression and inflation-indexed sum insured.","methodology":"Compiled quarterly by Stats NZ for a constant-age, constant-sum-insured sample of life insurance policies.","update_frequency":"Quarterly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/life-insurance-inflation/","summary_text":"In the September 2026 quarter, Stats NZ's constant-age, constant-sum-insured life insurance price index recorded a +2.9% annual change (alongside +3.7% headline CPI inflation).","citation":"HLF Pulse, Home Loan Factory. \"Life insurance annual price movement (Stats NZ CPI),\" September 2026 quarter. Source: Stats NZ \u2014 Consumers Price Index (Life Insurance Sub-Index). https://pulse-data.homeloanfactory.co.nz/life-insurance-inflation/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much life insurance do New Zealand families with a mortgage need?","Why do rate-for-age life insurance premiums change differently from the CPI life insurance index?","Could your household afford six months without its primary income?"],"citation_chain":{"official_source":"Stats NZ \u2014 Consumers Price Index (Life Insurance Sub-Index)","official_source_url":"https://www.stats.govt.nz/information-releases/consumers-price-index-september-2026-quarter/","source_series_ids":"CPI Life Insurance (Miscellaneous Goods & Services \u2014 Insurance)","hlf_transformation":"Unaltered official figure (Life insurance CPI (+2.9%) minus All-groups CPI (+3.7%) = -0.8 percentage points)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/life-insurance-inflation/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Home Loan Repayments Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/home-loan-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"household-insurance-expenditure":{"chip":"Stats NZ & RBNZ","as_of":"2026-05-31","max_age_days":550,"html":"Across all New Zealand households (including renters), Stats NZ's Household Expenditure Survey recorded average dwelling insurance expenditure of <strong>$24.80/week</strong> (an HLF-derived <strong>$1,289.60/year</strong>), while RBNZ Financial Stability Report benchmarks place average annual domestic building insurance premiums for insured homeowners at approximately <strong>$2,850/year</strong> (with higher-risk flood/seismic zones exceeding $3,500\u2013$4,500+/year).","official_data_summary":"Stats NZ HES: Average dwelling insurance expenditure across all households = $24.80/week; RBNZ FSR insured homeowner dwelling premium benchmark = ~$2,850/year.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/financial-stability/financial-stability-report\" target=\"_blank\" rel=\"noopener\">Reserve Bank of New Zealand \u2014 Financial Stability Report</a> &amp; <a href=\"https://www.stats.govt.nz/information-releases/household-expenditure-statistics-year-ended-june-2023/\" target=\"_blank\" rel=\"noopener\">Stats NZ \u2014 Household Expenditure Statistics</a> (CC BY 4.0). Derived by HLF (CC BY 4.0).","latest_period":"May 2026 RBNZ FSR & Stats NZ HES","value":2850,"latest_value":"~$2,850/yr insured homeowner benchmark | Stats NZ HES all-household avg: $24.80/wk","previous_period":"Annualised HES all-household average: $1,289.60/yr","change":"Regional & hazard-zone pricing ranges from ~$2,100 to $4,500+/yr","calculation_live":"Stats NZ HES: $24.80/wk \u00d7 52 weeks = $1,289.60/yr (all households) vs. ~$2,850/yr (insured homeowners)","historical_data_from":"Stats NZ triennial HES & RBNZ semi-annual Financial Stability Reports","source_published":"2026-05-06 (6 May 2026 \u2014 RBNZ Financial Stability Report release)","ticker":"household-insurance-expenditure","name":"Household expenditure on insurance & average domestic dwelling premium","also_known_as":"Stats NZ Household Expenditure Survey (HES) insurance spend & RBNZ dwelling premium benchmark","category":"Property & Natural Hazard Insurance","topic":"Household insurance affordability","source":"Stats NZ HES & RBNZ FSR","source_full":"Stats NZ Household Expenditure Statistics & RBNZ Financial Stability Report","source_series_ids":"Stats NZ HES Insurance Expenditure & RBNZ Dwelling Insurance Affordability Series","source_url":"https://www.rbnz.govt.nz/financial-stability/financial-stability-report","period":"2026-05","observation_period":"May 2026 RBNZ FSR & Stats NZ HES","observed_period":"2026-05","period_end":"2026-05-31","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD/year","data_type":"Officially reported survey/report benchmarks & HLF-derived annual equivalents","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Average household expenditure on insurance reported in Stats NZ's Household Expenditure Survey (HES) alongside the Reserve Bank of New Zealand's domestic dwelling insurance premium benchmark.","calculation":"Stats NZ HES: $24.80/wk \u00d7 52 weeks = $1,289.60/yr (all households) vs. ~$2,850/yr (insured homeowners)","formula":"Annualised household expenditure = Weekly HES expenditure ($24.80/wk) \u00d7 52 weeks = $1,289.60/yr; compared against RBNZ insured homeowner dwelling premium benchmark (~$2,850/yr)","hlf_interpretation":"HLF market context: Stats NZ's HES averages insurance spending across all households (including renters who do not pay building insurance), whereas RBNZ dwelling figures reflect the actual annual building premium paid by insured homeowners. Lenders require uninterrupted building insurance as a mandatory condition of every residential mortgage.","methodology":"Combines Stats NZ HES average weekly household insurance expenditure across all NZ households with RBNZ Financial Stability Report analysis of quoted/paid domestic building insurance premiums for insured homeowners.","update_frequency":"Annual / Semi-Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/household-insurance-expenditure/","summary_text":"Across all New Zealand households (including renters), Stats NZ's Household Expenditure Survey recorded average dwelling insurance expenditure of $24.80/week (an HLF-derived $1,289.60/year), while RBNZ Financial Stability Report benchmarks place average annual domestic building insurance premiums for insured homeowners at approximately $2,850/year (with higher-risk flood/seismic zones exceeding $3,500\u2013$4,500+/year).","citation":"HLF Pulse, Home Loan Factory. \"Household expenditure on insurance & average domestic dwelling premium,\" May 2026 RBNZ FSR & Stats NZ HES. Derived by HLF from Stats NZ Household Expenditure Statistics & RBNZ Financial Stability Report. https://pulse-data.homeloanfactory.co.nz/household-insurance-expenditure/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much do New Zealand households typically spend on house and contents insurance?","Why do bank mortgage calculators include building insurance as a fixed homeowner cost?"],"citation_chain":{"official_source":"Stats NZ Household Expenditure Statistics & RBNZ Financial Stability Report","official_source_url":"https://www.rbnz.govt.nz/financial-stability/financial-stability-report","source_series_ids":"Stats NZ HES Insurance Expenditure & RBNZ Dwelling Insurance Affordability Series","hlf_transformation":"Stats NZ HES: $24.80/wk \u00d7 52 weeks = $1,289.60/yr (all households) vs. ~$2,850/yr (insured homeowners)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/household-insurance-expenditure/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Home Loan Repayments Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/home-loan-calculator"},"history":[],"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"insurance-claims-trends":{"chip":"RBNZ Insurance Stats","as_of":"2026-06-30","max_age_days":550,"html":"Across licensed New Zealand general insurers regulated by RBNZ, annual Gross Written Premiums reached approximately <strong>$9.85B</strong> (<strong>$7.40B</strong> in Net Earned Premiums after international reinsurance) alongside <strong>$4.66B</strong> in Net Incurred Claims.","official_data_summary":"RBNZ Insurance Statistics: Gross Written Premiums = ~$9.85B; Net Earned Premiums = ~$7.40B; Net Incurred Claims = ~$4.66B.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/insurance\" target=\"_blank\" rel=\"noopener\">Reserve Bank of New Zealand \u2014 Insurance Statistics &amp; Financial Stability Report</a>. Derived ratios licensed by HLF under CC BY 4.0.","latest_period":"Annual RBNZ Insurance Series","value":4.66,"latest_value":"$4.66B Net Incurred Claims vs. $9.85B Gross Written Premiums","previous_period":"Net Earned Premium (after reinsurance): $7.40B","change":"Reinsurance & catastrophe protection outflow: ~$2.45B/yr","calculation_live":"Gross Written Premiums ($9.85B) minus Reinsurance ($2.45B) = $7.40B Net Earned Premiums vs. $4.66B Net Claims","historical_data_from":"RBNZ licensed general insurer financial series","source_published":"RBNZ semi-annual Insurance Statistics & Financial Stability Report release","ticker":"insurance-claims-trends","name":"New Zealand general insurance Gross Written Premiums vs. Net Incurred Claims (RBNZ)","also_known_as":"RBNZ general & domestic insurance market premiums, reinsurance & claims volume","category":"Insurance Market & Claims","topic":"Insurance industry claims & premiums","source":"RBNZ Insurance Statistics","source_full":"Reserve Bank of New Zealand \u2014 Insurance Statistics & Financial Stability Report","source_series_ids":"RBNZ General Insurer Gross Written Premium, Net Earned Premium & Net Incurred Claims","source_url":"https://www.rbnz.govt.nz/statistics/series/insurance","period":"2026-06","observation_period":"Annual RBNZ Insurance Series","observed_period":"2026-06","period_end":"2026-06-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZDB","data_type":"Officially reported RBNZ insurer aggregates & HLF-calculated reinsurance/claims comparison","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Total annual Gross Written Premiums (GWP), Net Earned Premiums (after reinsurance), and Net Incurred Claims across licensed New Zealand general insurers regulated by the Reserve Bank of New Zealand.","calculation":"Gross Written Premiums ($9.85B) minus Reinsurance ($2.45B) = $7.40B Net Earned Premiums vs. $4.66B Net Claims","formula":"Reinsurance Outflow = Gross Written Premiums ($9.85B) minus Net Earned Premiums ($7.40B) = $2.45B; compared against Net Incurred Claims ($4.66B)","hlf_interpretation":"HLF market context: Illustrates the scale of claims paid back to New Zealand households and businesses relative to total premiums collected, alongside the portion of gross premiums paid by NZ insurers for international catastrophe reinsurance.","methodology":"Compiled from RBNZ licensed insurer financial returns and Financial Stability Report general insurance series.","update_frequency":"Annual / Semi-Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/insurance-claims-trends/","summary_text":"Across licensed New Zealand general insurers regulated by RBNZ, annual Gross Written Premiums reached approximately $9.85B ($7.40B in Net Earned Premiums after international reinsurance) alongside $4.66B in Net Incurred Claims.","citation":"HLF Pulse, Home Loan Factory. \"New Zealand general insurance Gross Written Premiums vs. Net Incurred Claims (RBNZ),\" Annual RBNZ Insurance Series. Derived by HLF from Reserve Bank of New Zealand \u2014 Insurance Statistics & Financial Stability Report. https://pulse-data.homeloanfactory.co.nz/insurance-claims-trends/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much do New Zealand insurers pay out in claims compared with premiums collected?","How much of New Zealand general insurance premiums goes toward international reinsurance?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand \u2014 Insurance Statistics & Financial Stability Report","official_source_url":"https://www.rbnz.govt.nz/statistics/series/insurance","source_series_ids":"RBNZ General Insurer Gross Written Premium, Net Earned Premium & Net Incurred Claims","hlf_transformation":"Gross Written Premiums ($9.85B) minus Reinsurance ($2.45B) = $7.40B Net Earned Premiums vs. $4.66B Net Claims","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/insurance-claims-trends/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Home Loan Repayments Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/home-loan-calculator"},"history":[],"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"insurer-loss-ratios":{"chip":"RBNZ Insurance Stats","as_of":"2026-06-30","max_age_days":550,"html":"Based on Reserve Bank of New Zealand general insurer statistics, licensed New Zealand general insurers recorded an HLF-derived net loss ratio of <strong>63.0%</strong> (<strong>$4.66B</strong> in net incurred claims divided by <strong>$7.40B</strong> in net earned premiums).","official_data_summary":"RBNZ General Insurance Series: Net Incurred Claims = $4.66B; Net Earned Premiums = $7.40B.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/insurance\" target=\"_blank\" rel=\"noopener\">Reserve Bank of New Zealand \u2014 Insurance Statistics &amp; Financial Stability Report</a>. Derived ratios licensed by HLF under CC BY 4.0.","latest_period":"Annual RBNZ Insurance Series","value":63.0,"latest_value":"63.0% Net Loss Ratio ($4.66B claims \u00f7 $7.40B net earned premium)","previous_period":"2023 Severe Weather Event Peak: >85% net loss ratio","change":"Normalised from 2023 North Island weather catastrophe peak","calculation_live":"($4.66B Net Incurred Claims \u00f7 $7.40B Net Earned Premiums) \u00d7 100 = 63.0%","historical_data_from":"RBNZ insurer financial performance series","source_published":"RBNZ semi-annual Insurance Statistics & Financial Stability Report release","ticker":"insurer-loss-ratios","name":"New Zealand general insurer net loss ratio (net claims incurred \u00f7 net earned premiums)","also_known_as":"RBNZ general insurer claims loss ratio","category":"Insurance Market & Claims","topic":"Insurer loss ratios & claims","source":"RBNZ Insurance Statistics","source_full":"Reserve Bank of New Zealand \u2014 Insurance Statistics & Financial Stability Report","source_series_ids":"RBNZ General Insurer Net Incurred Claims \u00f7 Net Earned Premium","source_url":"https://www.rbnz.govt.nz/statistics/series/insurance","period":"2026-06","observation_period":"Annual RBNZ Insurance Series","observed_period":"2026-06","period_end":"2026-06-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported RBNZ insurer series & HLF-derived net loss ratio","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The percentage of net earned insurance premiums (after reinsurance costs) paid out in net incurred claims across licensed New Zealand general insurers.","calculation":"($4.66B Net Incurred Claims \u00f7 $7.40B Net Earned Premiums) \u00d7 100 = 63.0%","formula":"(Net Incurred Claims [$4.66B] \u00f7 Net Earned Premium [$7.40B]) \u00d7 100 = 63.0%","hlf_interpretation":"HLF market context: A net loss ratio around 60%\u201368% in non-catastrophe years (and spiking above 80%\u2013100%+ in major weather/earthquake years) shows the proportion of net premiums consumed directly by claims before operating expenses, tax, and RBNZ solvency capital requirements.","methodology":"Calculated from RBNZ licensed insurer financial performance series by dividing Net Incurred Claims by Net Earned Premium.","update_frequency":"Annual / Semi-Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/insurer-loss-ratios/","summary_text":"Based on Reserve Bank of New Zealand general insurer statistics, licensed New Zealand general insurers recorded an HLF-derived net loss ratio of 63.0% ($4.66B in net incurred claims divided by $7.40B in net earned premiums).","citation":"HLF Pulse, Home Loan Factory. \"New Zealand general insurer net loss ratio (net claims incurred \u00f7 net earned premiums),\" Annual RBNZ Insurance Series. Derived by HLF from Reserve Bank of New Zealand \u2014 Insurance Statistics & Financial Stability Report. https://pulse-data.homeloanfactory.co.nz/insurer-loss-ratios/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much of every insurance premium dollar goes toward paying claims in New Zealand?","What is the average loss ratio for New Zealand general insurers?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand \u2014 Insurance Statistics & Financial Stability Report","official_source_url":"https://www.rbnz.govt.nz/statistics/series/insurance","source_series_ids":"RBNZ General Insurer Net Incurred Claims \u00f7 Net Earned Premium","hlf_transformation":"($4.66B Net Incurred Claims \u00f7 $7.40B Net Earned Premiums) \u00d7 100 = 63.0%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/insurer-loss-ratios/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Home Loan Repayments Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/home-loan-calculator"},"history":[],"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"natural-hazard-claims":{"chip":"NHI Act 2023 & NHC","as_of":"2026-05-31","max_age_days":550,"html":"Under the Natural Hazards Insurance Act 2023, the Natural Hazards Commission Toka T\u016b Ake (NHC) provides statutory first-loss residential building cover up to <strong>$300,000 + GST</strong> (an HLF-calculated <strong>$345,000 incl. GST</strong>) per dwelling at a levy of 16c per $100 of cover (capped at <strong>$480 + GST / $552.00 incl. GST</strong> per year), following <strong>$3.8B+</strong> in insured catastrophe losses from the 2023 North Island severe weather events.","official_data_summary":"Natural Hazards Insurance Act 2023 Statutory Schedule: Building cap = $300,000 (excl. GST), max annual levy = $480 (excl. GST); 2023 North Island weather catastrophe insured losses = $3.8B+.","source_html":"Source: <a href=\"https://www.legislation.govt.nz/act/public/2023/0001/latest/LMS487791.html\" target=\"_blank\" rel=\"noopener\">Natural Hazards Insurance Act 2023</a> (public-domain NZ legislation), <a href=\"https://www.naturalhazards.govt.nz/about-nhc/how-we-work/natural-hazard-fund/\" target=\"_blank\" rel=\"noopener\">NHC Toka T\u016b Ake</a> &amp; RBNZ FSR. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"Current NHI Act 2023 Schedule","value":300000,"latest_value":"$300,000 + GST ($345,000 incl. GST) NHCover cap | $480 + GST max annual levy","previous_period":"Prior EQC cap (pre-Oct 2022): $150,000 + GST ($172,500)","change":"Max annual NHC levy: $480 + GST ($552.00 incl. GST) at 16c/$100","calculation_live":"Cap incl. GST: $300,000 \u00d7 1.15 = $345,000 | Max Levy incl. GST: ($300,000 \u00f7 100 \u00d7 $0.16) \u00d7 1.15 = $552.00","historical_data_from":"Natural Hazards Insurance Act 2023 & NHC statutory schedule","source_published":"2024-07-01 (1 July 2024 \u2014 Natural Hazards Insurance Act 2023 commencement)","ticker":"natural-hazard-claims","name":"Natural Hazards Insurance Act (NHCover) statutory building cap, levy & disaster claims benchmark","also_known_as":"Natural Hazards Commission Toka T\u016b Ake (NHC / EQC) statutory cap & RBNZ catastrophe claims","category":"Property & Natural Hazard Insurance","topic":"Natural hazards, flood risk & NHCover","source":"NHI Act 2023 & NHC","source_full":"Natural Hazards Insurance Act 2023, NHC Toka T\u016b Ake & RBNZ Financial Stability Report","source_series_ids":"NHI Act 2023 Statutory Building Cap & Levy Schedule","source_url":"https://www.legislation.govt.nz/act/public/2023/0001/latest/LMS487791.html","period":"2026-05","observation_period":"Current NHI Act 2023 Schedule","observed_period":"2026-05","period_end":"2026-05-31","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD","data_type":"Public-domain statutory cap/levy schedule & HLF-calculated GST-inclusive totals","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The statutory first-loss residential building cover cap and levy rate under the Natural Hazards Insurance Act 2023 (administered by NHC Toka T\u016b Ake), alongside RBNZ natural-disaster insured loss benchmarks.","calculation":"Cap incl. GST: $300,000 \u00d7 1.15 = $345,000 | Max Levy incl. GST: ($300,000 \u00f7 100 \u00d7 $0.16) \u00d7 1.15 = $552.00","formula":"NHCover Cap = $300,000 + 15% GST ($345,000); Max Annual Levy = ($300,000 \u00f7 $100) \u00d7 $0.16 = $480 + 15% GST ($552.00)","hlf_interpretation":"HLF market context: NHCover provides the first $300,000 + GST ($345,000) of natural-hazard building cover (for earthquakes, landslips, volcanic activity, hydrothermal activity, and tsunamis, plus statutory residential land cover), while private house insurance tops cover up to the homeowner's full sum insured and covers non-NHC perils such as flood and storm damage to the building.","methodology":"Sourced from the Natural Hazards Insurance Act 2023 statutory schedule ($300,000 + GST per dwelling at 16c per $100 cover) and RBNZ Financial Stability Report catastrophe loss analysis.","update_frequency":"Statutory / Event-Updated","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/natural-hazard-claims/","summary_text":"Under the Natural Hazards Insurance Act 2023, the Natural Hazards Commission Toka T\u016b Ake (NHC) provides statutory first-loss residential building cover up to $300,000 + GST (an HLF-calculated $345,000 incl. GST) per dwelling at a levy of 16c per $100 of cover (capped at $480 + GST / $552.00 incl. GST per year), following $3.8B+ in insured catastrophe losses from the 2023 North Island severe weather events.","citation":"HLF Pulse, Home Loan Factory. \"Natural Hazards Insurance Act (NHCover) statutory building cap, levy & disaster claims benchmark,\" Current NHI Act 2023 Schedule. Derived by HLF from Natural Hazards Insurance Act 2023, NHC Toka T\u016b Ake & RBNZ Financial Stability Report. https://pulse-data.homeloanfactory.co.nz/natural-hazard-claims/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much does the Natural Hazards Commission (formerly EQC) cover on a New Zealand house?","Could my home become harder or more expensive to insure due to flood or natural-hazard risk?","Why is checking insurance availability essential before going unconditional on a property?"],"citation_chain":{"official_source":"Natural Hazards Insurance Act 2023, NHC Toka T\u016b Ake & RBNZ Financial Stability Report","official_source_url":"https://www.legislation.govt.nz/act/public/2023/0001/latest/LMS487791.html","source_series_ids":"NHI Act 2023 Statutory Building Cap & Levy Schedule","hlf_transformation":"Cap incl. GST: $300,000 \u00d7 1.15 = $345,000 | Max Levy incl. GST: ($300,000 \u00f7 100 \u00d7 $0.16) \u00d7 1.15 = $552.00","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/natural-hazard-claims/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"NZ Sale & Purchase Agreement Walkthrough","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/nz-sale-and-purchase-agreement-walkthrough"},"history":[],"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"residential-insurance-coverage":{"chip":"RBNZ FSR & NHC","as_of":"2026-05-31","max_age_days":550,"html":"In its May 2026 Financial Stability Report, the Reserve Bank of New Zealand estimated that approximately <strong>60,000</strong> of New Zealand's <strong>~2,000,000</strong> domestic residential dwellings had <strong>no building insurance cover</strong>\u2014representing an HLF-derived <strong>3.0%</strong> uninsured share and <strong>97.0% (~1,940,000 dwellings)</strong> insured across ~$1.5 trillion in residential sum insured.","official_data_summary":"RBNZ May 2026 Financial Stability Report & NHC: ~60,000 uninsured domestic dwellings out of ~2,000,000 total domestic dwellings (~$1.5T total residential sum insured).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/financial-stability/financial-stability-report\" target=\"_blank\" rel=\"noopener\">Reserve Bank of New Zealand \u2014 May 2026 Financial Stability Report</a> &amp; <a href=\"https://www.naturalhazards.govt.nz/about-nhc/how-we-work/natural-hazard-fund/\" target=\"_blank\" rel=\"noopener\">NHC Toka T\u016b Ake</a>. Coverage share derived by HLF (CC BY 4.0).","latest_period":"May 2026 RBNZ Financial Stability Report","value":97.0,"latest_value":"97.0% insured (~1,940,000 dwellings) | 3.0% uninsured (~60,000 dwellings)","previous_period":"Total NZ residential sum insured: ~$1.5 trillion (NHC)","change":"~60,000 domestic dwellings estimated without building insurance cover","calculation_live":"Uninsured: 60,000 \u00f7 2,000,000 = 3.0% | Insured: (2,000,000 \u2212 60,000) \u00f7 2,000,000 = 97.0%","historical_data_from":"RBNZ May 2026 Financial Stability Report & NHC exposure dataset","source_published":"2026-05-06 (6 May 2026 \u2014 RBNZ Financial Stability Report release)","ticker":"residential-insurance-coverage","name":"New Zealand residential dwelling insurance coverage & uninsured dwelling estimate","also_known_as":"RBNZ Financial Stability Report residential insurance coverage & sum-insured gap","category":"Property & Natural Hazard Insurance","topic":"Residential insurance coverage & underinsurance","source":"RBNZ FSR & NHC","source_full":"Reserve Bank of New Zealand Financial Stability Report (May 2026) & Natural Hazards Commission","source_series_ids":"RBNZ May 2026 FSR Domestic Dwelling Insurance Coverage Estimate","source_url":"https://www.rbnz.govt.nz/financial-stability/financial-stability-report","period":"2026-05","observation_period":"May 2026 RBNZ Financial Stability Report","observed_period":"2026-05","period_end":"2026-05-31","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported RBNZ / NHC estimates & HLF-derived coverage percentage","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The estimated proportion and number of New Zealand domestic residential dwellings with active building insurance cover versus uninsured dwellings, as analysed in the Reserve Bank of New Zealand's May 2026 Financial Stability Report.","calculation":"Uninsured: 60,000 \u00f7 2,000,000 = 3.0% | Insured: (2,000,000 \u2212 60,000) \u00f7 2,000,000 = 97.0%","formula":"Uninsured Share = (60,000 Uninsured Dwellings \u00f7 2,000,000 Total Domestic Dwellings) \u00d7 100 = 3.0%; Insured Share = 1,940,000 \u00f7 2,000,000 = 97.0%","hlf_interpretation":"HLF market context: RBNZ estimates that while roughly 97% of New Zealand domestic dwellings carry building insurance (primarily because mortgage lenders require full replacement/sum-insured cover as a loan condition), around 60,000 mostly unmortgaged dwellings have no building insurance\u2014and many insured homeowners still face underinsurance risk if their sum insured lags behind rebuild costs.","methodology":"Sourced from RBNZ's May 2026 Financial Stability Report (published 6 May 2026) and Natural Hazards Commission Toka T\u016b Ake residential dwelling exposure estimates (~2.0 million domestic dwellings representing ~$1.5 trillion in total residential sum insured).","update_frequency":"Semi-Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/residential-insurance-coverage/","summary_text":"In its May 2026 Financial Stability Report, the Reserve Bank of New Zealand estimated that approximately 60,000 of New Zealand's ~2,000,000 domestic residential dwellings had no building insurance cover\u2014representing an HLF-derived 3.0% uninsured share and 97.0% (~1,940,000 dwellings) insured across ~$1.5 trillion in residential sum insured.","citation":"HLF Pulse, Home Loan Factory. \"New Zealand residential dwelling insurance coverage & uninsured dwelling estimate,\" May 2026 RBNZ Financial Stability Report. Derived by HLF from Reserve Bank of New Zealand Financial Stability Report (May 2026) & Natural Hazards Commission. https://pulse-data.homeloanfactory.co.nz/residential-insurance-coverage/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many houses in New Zealand have no building insurance?","What percentage of New Zealand homes are insured?","Is my house insured for enough to rebuild it if it is destroyed?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Financial Stability Report (May 2026) & Natural Hazards Commission","official_source_url":"https://www.rbnz.govt.nz/financial-stability/financial-stability-report","source_series_ids":"RBNZ May 2026 FSR Domestic Dwelling Insurance Coverage Estimate","hlf_transformation":"Uninsured: 60,000 \u00f7 2,000,000 = 3.0% | Insured: (2,000,000 \u2212 60,000) \u00f7 2,000,000 = 97.0%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/residential-insurance-coverage/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"New Build & Rebuild Cost Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/new-build-construction-loan-calculator"},"history":[],"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"new-build-lvr-exemption-flow":{"chip":"RBNZ C31","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, RBNZ Table C31 recorded an HLF-derived combined total of <strong>1,296 non-FHB high-LVR loans ($715m)</strong> across existing owner-occupiers borrowing at <strong>&gt;80% LVR</strong> (<strong>769 loans / $378m</strong>) and property investors borrowing at <strong>&gt;70% LVR</strong> (<strong>527 loans / $337m</strong>).","official_data_summary":"RBNZ Table C31 (September 2026): Other owner-occupiers >80% LVR = 769 loans ($378m); Investors >70% LVR = 527 loans ($337m).","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C31</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":715.0,"latest_value":"$715m across 1,296 high-LVR mover & investor loans","previous_period":"September 2025 ($590m (989 loans))","change":"+125m (+307 loans) YoY","calculation_live":"Dollars: $378m + $337m = $715m | Loans: 769 + 527 = 1,296","historical_data_from":"Available from August 2014 (146 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":715.0,"formatted":"$715m"},{"period":"2026-08","label":"Aug 2026","value":728.0,"formatted":"$728m"},{"period":"2026-07","label":"Jul 2026","value":766.0,"formatted":"$766m"},{"period":"2026-06","label":"Jun 2026","value":763.0,"formatted":"$763m"},{"period":"2026-05","label":"May 2026","value":696.0,"formatted":"$696m"},{"period":"2026-04","label":"Apr 2026","value":615.0,"formatted":"$615m"},{"period":"2026-03","label":"Mar 2026","value":792.0,"formatted":"$792m"},{"period":"2026-02","label":"Feb 2026","value":550.0,"formatted":"$550m"},{"period":"2026-01","label":"Jan 2026","value":531.0,"formatted":"$531m"},{"period":"2025-12","label":"Dec 2025","value":989.0,"formatted":"$989m"},{"period":"2025-11","label":"Nov 2025","value":660.0,"formatted":"$660m"},{"period":"2025-10","label":"Oct 2025","value":689.0,"formatted":"$689m"},{"period":"2025-09","label":"Sep 2025","value":590.0,"formatted":"$590m"}],"ticker":"new-build-lvr-exemption-flow","name":"High-LVR mortgage lending channels supported by new-build & speed-limit exemptions","also_known_as":"RBNZ C31 high-LVR mover (>80% LVR) and investor (>70% LVR) lending volume","category":"Housing supply & construction","topic":"New-build LVR & DTI exemptions","source":"RBNZ C31","source_full":"Reserve Bank of New Zealand Table C31","source_series_ids":"LVRN.MMB1.BC2, LVRN.MMB2.BC2, LVRN.MMB1.DN, LVRN.MMB1.BN","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZDm","data_type":"Officially reported RBNZ C31 series & HLF-derived combined high-LVR channel volume","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Combined monthly lending volume and borrower count across existing owner-occupiers borrowing at >80% LVR and property investors borrowing at >70% LVR in RBNZ Table C31.","calculation":"Dollars: $378m + $337m = $715m | Loans: 769 + 527 = 1,296","formula":"Combined Volume = Other Owner-Occupier >80% LVR NZDm [LVRN.MMB1.BC2] + Investor >70% LVR NZDm [LVRN.MMB1.DN]","hlf_interpretation":"HLF market context: Under RBNZ macroprudential rules, newly built dwellings (purchased from the developer or within 6 months of code compliance) are exempt from both LVR and DTI restrictions\u2014allowing eligible owner-occupiers and investors to purchase new builds with lower deposits than existing housing stock.","methodology":"Derived from RBNZ Table C31 series for >80% LVR other owner-occupiers and >70% LVR property investors (dollar series rounded by RBNZ to $1m).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/new-build-lvr-exemption-flow/","summary_text":"In September 2026, RBNZ Table C31 recorded an HLF-derived combined total of 1,296 non-FHB high-LVR loans ($715m) across existing owner-occupiers borrowing at &gt;80% LVR (769 loans / $378m) and property investors borrowing at &gt;70% LVR (527 loans / $337m).","citation":"HLF Pulse, Home Loan Factory. \"High-LVR mortgage lending channels supported by new-build & speed-limit exemptions,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C31. https://pulse-data.homeloanfactory.co.nz/new-build-lvr-exemption-flow/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How do Reserve Bank LVR and DTI exemptions work for new builds in New Zealand?","How much low-deposit lending goes to existing homeowners and property investors each month?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C31","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-residential-mortgage-lending-by-borrower-type","source_series_ids":"LVRN.MMB1.BC2, LVRN.MMB2.BC2, LVRN.MMB1.DN, LVRN.MMB1.BN","hlf_transformation":"Dollars: $378m + $337m = $715m | Loans: 769 + 527 = 1,296","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/new-build-lvr-exemption-flow/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Turnkey vs. Construction Loan Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/turnkey-vs-construction-loan-calculator-nz"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"standalone-vs-retirement-apartments":{"chip":"Stats NZ","as_of":"2026-09-30","max_age_days":85,"html":"In September 2026, New Zealand's <strong>3,570</strong> newly consented dwellings comprised <strong>1,733 stand-alone houses (48.5%)</strong>, <strong>1,305 townhouses, flats, and units (36.6%)</strong>, <strong>411 apartments (11.5%)</strong>, and <strong>121 retirement village units (3.4%)</strong>.","official_data_summary":"Stats NZ Building Consents (September 2026): Stand-alone houses = 1,733; Townhouses/flats/units = 1,305; Apartments = 411; Retirement village units = 121 (Total = 3,570).","source_html":"Source: <a href=\"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/\" target=\"_blank\" rel=\"noopener\">Stats NZ \u2014 Building Consents Issued (September 2026)</a>, licensed under CC BY 4.0. Derived shares licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":1733,"latest_value":"1,733 houses (48.5%) | 1,305 townhouses (36.6%) | 411 apartments (11.5%) | 121 retirement (3.4%)","previous_period":"Total monthly consents: 3,570","change":"Stand-alone 48.5% vs. Multi-unit 51.5%","calculation_live":"Houses: 1,733/3,570=48.5% | Townhouses: 1,305/3,570=36.6% | Apartments: 411/3,570=11.5% | Retirement: 121/3,570=3.4%","historical_data_from":"Stats NZ 4-category dwelling release (September 2026)","history":[{"period":"Stand-alone houses","label":"Stand-alone houses","value":1733,"formatted":"1,733 (48.5%)"},{"period":"Townhouses, flats & units","label":"Townhouses, flats & units","value":1305,"formatted":"1,305 (36.6%)"},{"period":"Apartments","label":"Apartments","value":411,"formatted":"411 (11.5%)"},{"period":"Retirement village units","label":"Retirement village units","value":121,"formatted":"121 (3.4%)"}],"source_published":"Monthly Stats NZ Building Consents release (~4 weeks after reference month-end)","source_url":"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/","ticker":"standalone-vs-retirement-apartments","name":"New dwelling consents breakdown: stand-alone houses, townhouses, apartments & retirement units","also_known_as":"Full 4-category Stats NZ monthly residential dwelling type breakdown","category":"Housing supply & construction","topic":"Dwelling typology & apartment supply","source":"Stats NZ","source_full":"Stats NZ \u2014 Building Consents Issued (All Dwelling Types)","source_series_ids":"Stats NZ Monthly Consents by 4 Dwelling Categories","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"dwellings","data_type":"Officially reported Stats NZ counts & HLF-derived category percentages","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Complete monthly breakdown of new residential dwelling consents across all four Stats NZ categories: stand-alone houses, townhouses/flats/units, apartments, and retirement village units.","calculation":"Houses: 1,733/3,570=48.5% | Townhouses: 1,305/3,570=36.6% | Apartments: 411/3,570=11.5% | Retirement: 121/3,570=3.4%","formula":"Category % = (Category Monthly Consents \u00f7 Total Monthly Consents) \u00d7 100","hlf_interpretation":"HLF market context: Separating apartments and retirement village units from townhouses and stand-alone houses matters for mortgage borrowers because banks apply different LVR and floor-area lending criteria to high-density apartments versus fee-simple townhouses and stand-alone homes.","methodology":"Published monthly by Stats NZ from territorial authority building consent records.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/standalone-vs-retirement-apartments/","summary_text":"In September 2026, New Zealand's 3,570 newly consented dwellings comprised 1,733 stand-alone houses (48.5%), 1,305 townhouses, flats, and units (36.6%), 411 apartments (11.5%), and 121 retirement village units (3.4%).","citation":"HLF Pulse, Home Loan Factory. \"New dwelling consents breakdown: stand-alone houses, townhouses, apartments & retirement units,\" September 2026. Derived by HLF from Stats NZ \u2014 Building Consents Issued (All Dwelling Types). https://pulse-data.homeloanfactory.co.nz/standalone-vs-retirement-apartments/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many apartments vs townhouses vs stand-alone houses are being consented in New Zealand?","Do banks have different deposit rules for apartments vs townhouses?"],"citation_chain":{"official_source":"Stats NZ \u2014 Building Consents Issued (All Dwelling Types)","official_source_url":"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/","source_series_ids":"Stats NZ Monthly Consents by 4 Dwelling Categories","hlf_transformation":"Houses: 1,733/3,570=48.5% | Townhouses: 1,305/3,570=36.6% | Apartments: 411/3,570=11.5% | Retirement: 121/3,570=3.4%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/standalone-vs-retirement-apartments/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Turnkey vs. Construction Loan Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/turnkey-vs-construction-loan-calculator-nz"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"regional-building-consents":{"chip":"Stats NZ","as_of":"2026-09-30","max_age_days":85,"html":"In the 12 months ended September 2026, New Zealand's <strong>41,091</strong> annual dwelling consents were led by <strong>Auckland (17,131 consents, or 41.7% of national supply)</strong> and <strong>Canterbury (8,906, or 21.7%)</strong>, followed by <strong>Waikato (3,265, or 7.9%)</strong>, <strong>Wellington (2,403, or 5.8%)</strong>, and the rest of New Zealand (<strong>9,386, or 22.8%</strong>).","official_data_summary":"Stats NZ Regional Building Consents (Year ended September 2026): Auckland = 17,131; Canterbury = 8,906; Waikato = 3,265; Wellington = 2,403; Rest of NZ = 9,386 (Total = 41,091).","source_html":"Source: <a href=\"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/\" target=\"_blank\" rel=\"noopener\">Stats NZ \u2014 Building Consents Issued (September 2026)</a>, licensed under CC BY 4.0. Derived shares licensed by HLF under CC BY 4.0.","latest_period":"Year ended September 2026","value":17131,"latest_value":"AKL 17,131 (41.7%) | CANT 8,906 (21.7%) | WAIK 3,265 | WGTN 2,403","previous_period":"National annual total: 41,091 dwellings","change":"Auckland + Canterbury = 63.4% of all new NZ homes consented","calculation_live":"AKL: 17,131\u00f741,091=41.7% | CANT: 8,906\u00f741,091=21.7% | WAIK: 3,265\u00f741,091=7.9% | WGTN: 2,403\u00f741,091=5.8%","historical_data_from":"Stats NZ regional annual series (September 2026)","history":[{"period":"Auckland","label":"Auckland","value":17131,"formatted":"17,131 consents (41.7% of NZ)"},{"period":"Canterbury","label":"Canterbury","value":8906,"formatted":"8,906 consents (21.7% of NZ)"},{"period":"Waikato","label":"Waikato","value":3265,"formatted":"3,265 consents (7.9% of NZ)"},{"period":"Wellington","label":"Wellington","value":2403,"formatted":"2,403 consents (5.8% of NZ)"},{"period":"Rest of New Zealand","label":"Rest of New Zealand","value":9386,"formatted":"9,386 consents (22.8% of NZ)"}],"source_published":"Monthly Stats NZ Building Consents release (~4 weeks after reference month-end)","source_url":"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/","ticker":"regional-building-consents","name":"Annual new residential building consents by major New Zealand region","also_known_as":"Stats NZ regional dwelling consents (Auckland, Canterbury, Waikato, Wellington)","category":"Housing supply & construction","topic":"Regional new-build supply","source":"Stats NZ","source_full":"Stats NZ \u2014 Building Consents Issued (Regional Breakdown)","source_series_ids":"Stats NZ Annual Dwelling Consents by Region","period":"2026-09","observation_period":"Year ended September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"dwellings","data_type":"Officially reported Stats NZ regional totals & HLF-derived national shares","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Annual new residential dwelling consents issued across New Zealand's main regions (Auckland, Canterbury, Waikato, Wellington, and Rest of New Zealand), plus their share of national supply.","calculation":"AKL: 17,131\u00f741,091=41.7% | CANT: 8,906\u00f741,091=21.7% | WAIK: 3,265\u00f741,091=7.9% | WGTN: 2,403\u00f741,091=5.8%","formula":"Regional Share = (Regional Annual Consents \u00f7 National Annual Consents) \u00d7 100","hlf_interpretation":"HLF market context: Auckland and Canterbury together account for more than three-fifths of all new residential dwellings consented across New Zealand, influencing regional availability of LVR-exempt turnkey and construction properties.","methodology":"Compiled monthly by Stats NZ from territorial authority consent approvals.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/regional-building-consents/","summary_text":"In the 12 months ended September 2026, New Zealand's 41,091 annual dwelling consents were led by Auckland (17,131 consents, or 41.7% of national supply) and Canterbury (8,906, or 21.7%), followed by Waikato (3,265, or 7.9%), Wellington (2,403, or 5.8%), and the rest of New Zealand (9,386, or 22.8%).","citation":"HLF Pulse, Home Loan Factory. \"Annual new residential building consents by major New Zealand region,\" Year ended September 2026. Derived by HLF from Stats NZ \u2014 Building Consents Issued (Regional Breakdown). https://pulse-data.homeloanfactory.co.nz/regional-building-consents/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["Which New Zealand regions are building the most new homes?","How many new homes were consented in Auckland, Canterbury, Waikato, and Wellington over the past year?"],"citation_chain":{"official_source":"Stats NZ \u2014 Building Consents Issued (Regional Breakdown)","official_source_url":"https://www.stats.govt.nz/information-releases/building-consents-issued-september-2026/","source_series_ids":"Stats NZ Annual Dwelling Consents by Region","hlf_transformation":"AKL: 17,131\u00f741,091=41.7% | CANT: 8,906\u00f741,091=21.7% | WAIK: 3,265\u00f741,091=7.9% | WGTN: 2,403\u00f741,091=5.8%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/regional-building-consents/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"New Build Construction Loan Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/new-build-construction-loan-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"acc-weekly-compensation-claims":{"chip":"ACC Annual Report","as_of":"2026-06-30","max_age_days":550,"html":"In the 2025/26 financial year, ACC recorded two distinct annual claim volumes: over <strong>2,100,000</strong> total accepted injury claims across New Zealand (up 1.6% year-on-year, mostly minor treatment-only visits) and <strong>105,000</strong> new weekly income compensation entitlement claims for time off work (down 1.9% from 107,000 in 2024/25\u2014an HLF-calculated ratio of <strong>5.0 weekly compensation claims per 100 accepted injury claims</strong>).","official_data_summary":"ACC Annual Report (2025/26): Total accepted injury claims = 2,100,000+ (+1.6% YoY, including minor treatment-only claims); New weekly compensation entitlement claims = 105,000 (-1.9% from 107,000 in 2024/25).","source_html":"Source: <a href=\"https://www.acc.co.nz/assets/corporate-documents/ACC8911-acc-annual-report-2026.pdf\" target=\"_blank\" rel=\"noopener\">Accident Compensation Corporation (ACC) \u2014 Annual Report 2025/26</a>. Claim-count ratio derived by HLF (CC BY 4.0).","latest_period":"2025/26 ACC Financial Year","value":5.0,"latest_value":"105,000 weekly comp claims vs 2,100,000+ total injury claims (5.0 per 100 claims)","previous_period":"2024/25 FY (107,000 weekly compensation claims)","change":"-2,000 weekly comp claims (-1.9% YoY) | ACC covers accidental injury (generally not non-injury illness)","calculation_live":"105,000 new weekly compensation claims \u00f7 2,100,000 total accepted injury claims = 5.0 per 100 accepted claims (separate annual claim counts)","historical_data_from":"ACC Annual Report series (2024/25\u20132025/26)","source_published":"2026-10-29 (29 October 2026 \u2014 ACC Annual Report 2025/26 release)","ticker":"acc-weekly-compensation-claims","name":"ACC annual accepted injury claims vs new weekly income compensation claims","also_known_as":"ACC Annual Report total accepted injury claims & weekly compensation claim counts","category":"Personal Risk & Income Protection","topic":"Income protection & ACC coverage scope","source":"ACC Annual Report","source_full":"Accident Compensation Corporation (ACC) \u2014 Annual Report (2025/26)","source_series_ids":"ACC Annual Accepted Injury Claims & New Weekly Compensation Entitlement Claims","source_url":"https://www.acc.co.nz/assets/corporate-documents/ACC8911-acc-annual-report-2026.pdf","period":"2026-06","observation_period":"2025/26 ACC Financial Year","observed_period":"2026-06","period_end":"2026-06-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"claims","data_type":"Officially reported ACC annual claim counts & HLF-calculated claim-count ratio","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Comparison of two separate annual claim counts published by ACC: total new accepted injury claims registered across New Zealand (comprising mainly minor treatment-only claims such as GP, physiotherapy, and dental visits) versus new weekly income compensation entitlement claims for time off work.","calculation":"105,000 new weekly compensation claims \u00f7 2,100,000 total accepted injury claims = 5.0 per 100 accepted claims (separate annual claim counts)","formula":"Claim-Count Ratio = 105,000 New Weekly Compensation Claims \u00f7 2,100,000 Total Accepted Injury Claims = 5.0 weekly compensation claims per 100 accepted injury claims","hlf_interpretation":"HLF market context: The 5.0% ratio compares annual weekly-compensation claim counts against total accepted injury claims (most of which are minor treatment-only visits). For mortgage borrowers, the critical distinction is statutory scope: under the Accident Compensation Act 2001, ACC covers physical injuries caused by an accident (plus narrow statutory categories such as work-related gradual-process conditions, treatment injuries, and certain mental injuries), and generally does not cover non-injury illness (such as cancer, heart attack, stroke, or degenerative illness)\u2014which is the gap addressed by private Income Protection, Mortgage Repayment, and Trauma insurance.","methodology":"Sourced from ACC's Annual Report covering accepted injury claims, treatment/rehabilitation expenditure, and weekly compensation entitlements. Note: the two series measure separate annual claim counts (total accepted claims include non-earners and minor treatment-only injuries that do not require time off work).","update_frequency":"Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/acc-weekly-compensation-claims/","summary_text":"In the 2025/26 financial year, ACC recorded two distinct annual claim volumes: over 2,100,000 total accepted injury claims across New Zealand (up 1.6% year-on-year, mostly minor treatment-only visits) and 105,000 new weekly income compensation entitlement claims for time off work (down 1.9% from 107,000 in 2024/25\u2014an HLF-calculated ratio of 5.0 weekly compensation claims per 100 accepted injury claims).","citation":"HLF Pulse, Home Loan Factory. \"ACC annual accepted injury claims vs new weekly income compensation claims,\" 2025/26 ACC Financial Year. Derived by HLF from Accident Compensation Corporation (ACC) \u2014 Annual Report (2025/26). https://pulse-data.homeloanfactory.co.nz/acc-weekly-compensation-claims/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["Does ACC cover my mortgage repayments if I get sick or diagnosed with an illness?","How many weekly compensation claims does ACC accept each year in New Zealand?","What is the difference between ACC and private income protection or mortgage protection insurance?"],"citation_chain":{"official_source":"Accident Compensation Corporation (ACC) \u2014 Annual Report (2025/26)","official_source_url":"https://www.acc.co.nz/assets/corporate-documents/ACC8911-acc-annual-report-2026.pdf","source_series_ids":"ACC Annual Accepted Injury Claims & New Weekly Compensation Entitlement Claims","hlf_transformation":"105,000 new weekly compensation claims \u00f7 2,100,000 total accepted injury claims = 5.0 per 100 accepted claims (separate annual claim counts)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/acc-weekly-compensation-claims/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Home Loan Repayments Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/home-loan-calculator"},"history":[],"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"acc-earners-levy-cap":{"chip":"ACC & IRD Schedule","as_of":"2026-04-30","max_age_days":550,"html":"For the 2026/27 tax year, the statutory ACC Earners' Levy is <strong>$1.75 per $100 (1.75% incl. GST)</strong> (up from $1.67 in 2025/26) up to a Maximum Liable Earnings cap of <strong>$156,641</strong> (up from $152,790, for a maximum annual levy of <strong>$2,741.22</strong>)\u2014setting ACC's maximum 80% weekly compensation ceiling at an HLF-derived <strong>$125,312.80/year ($2,409.86/week gross)</strong>.","official_data_summary":"ACC / IRD 2026/27 Statutory Schedule: Earners' levy = $1.75 per $100 incl. GST ($1.52 excl. GST); Maximum liable earnings = $156,641 (vs $152,790 in 2025/26).","source_html":"Source: <a href=\"https://www.acc.co.nz/about-us/our-levies-2/levy-results\" target=\"_blank\" rel=\"noopener\">Accident Compensation (Earners&rsquo; Levy) Regulations &amp; Inland Revenue PAYE Schedule (2026/27)</a>. 80% compensation ceiling derived by HLF (CC BY 4.0).","latest_period":"2026/27 Tax Year (from 1 April 2026)","value":156641,"latest_value":"$156,641 max covered earnings | $1.75/$100 levy | $125,313/yr max 80% ACC payout","previous_period":"2025/26 Tax Year ($152,790 cap at $1.67/$100)","change":"+$3,851 earnings cap | +$0.08/$100 levy rate YoY","calculation_live":"Max Levy: ($156,641 \u00f7 100) \u00d7 $1.75 = $2,741.22/yr | Max 80% Comp: $156,641 \u00d7 80% = $125,312.80/yr ($2,409.86/wk)","historical_data_from":"ACC & IRD statutory earners' levy schedule (2024/25\u20132026/27)","history":[{"period":"2026-27","label":"2026/27 Tax Year","value":156641,"formatted":"$156,641 cap ($1.75/$100 levy)"},{"period":"2025-26","label":"2025/26 Tax Year","value":152790,"formatted":"$152,790 cap ($1.67/$100 levy)"},{"period":"2024-25","label":"2024/25 Tax Year","value":142283,"formatted":"$142,283 cap ($1.60/$100 levy)"}],"source_published":"2026-04-01 (1 April 2026 \u2014 2026/27 ACC Earners' Levy schedule effective date)","ticker":"acc-earners-levy-cap","name":"ACC Earners' Levy rate, maximum liable earnings cap & 80% weekly compensation ceiling","also_known_as":"IRD / ACC PAYE Earners' Levy rate & maximum covered salary cap (2026/27)","category":"Personal Risk & Income Protection","topic":"ACC levy, high-income cap & mortgage servicing","source":"ACC & IRD Statutory Schedule","source_full":"Accident Compensation (Earners' Levy) Regulations & Inland Revenue PAYE Schedule (2026/27)","source_series_ids":"ACC Earners' Levy Rate & Maximum Liable Earnings Threshold","source_url":"https://www.acc.co.nz/about-us/our-levies-2/levy-results","period":"2026-04","observation_period":"2026/27 Tax Year (from 1 April 2026)","observed_period":"2026-04","period_end":"2026-04-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD","data_type":"Public-domain statutory levy/cap & HLF-calculated 80% gross compensation ceiling","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The statutory ACC Earners' Levy rate deducted from employee PAYE wages, the maximum liable earnings cap, and the resulting maximum 80% gross weekly compensation payable by ACC.","calculation":"Max Levy: ($156,641 \u00f7 100) \u00d7 $1.75 = $2,741.22/yr | Max 80% Comp: $156,641 \u00d7 80% = $125,312.80/yr ($2,409.86/wk)","formula":"Max Annual Levy = ($156,641 \u00f7 100) \u00d7 $1.75 = $2,741.22; Max 80% Gross Compensation = $156,641 \u00d7 80% = $125,312.80/yr ($2,409.86/wk gross)","hlf_interpretation":"HLF market context: This affects borrowers in two ways: (1) In mortgage servicing calculators, the 1.75% ACC levy reduces net take-home pay on earnings up to $156,641; and (2) For an eligible accident, ACC caps income replacement at 80% of earnings up to $156,641 ($125,313/yr gross)\u2014leaving higher-income earners with a larger percentage drop in income, and self-employed company owners splitting shareholder salaries potentially under-covered unless structured via ACC CoverPlus Extra or private cover.","methodology":"Published by ACC and Inland Revenue under statutory regulations for the tax year commencing 1 April 2026 ($1.75 per $100 of liable earnings incl. GST; maximum liable earnings of $156,641).","update_frequency":"Annual (1 April Tax Year)","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/acc-earners-levy-cap/","summary_text":"For the 2026/27 tax year, the statutory ACC Earners' Levy is $1.75 per $100 (1.75% incl. GST) (up from $1.67 in 2025/26) up to a Maximum Liable Earnings cap of $156,641 (up from $152,790, for a maximum annual levy of $2,741.22)\u2014setting ACC's maximum 80% weekly compensation ceiling at an HLF-derived $125,312.80/year ($2,409.86/week gross).","citation":"HLF Pulse, Home Loan Factory. \"ACC Earners' Levy rate, maximum liable earnings cap & 80% weekly compensation ceiling,\" 2026/27 Tax Year (from 1 April 2026). Derived by HLF from Accident Compensation (Earners' Levy) Regulations & Inland Revenue PAYE Schedule (2026/27). https://pulse-data.homeloanfactory.co.nz/acc-earners-levy-cap/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What is the maximum income ACC will cover if I have an accident in 2026/27?","What is the current ACC Earners' Levy rate in New Zealand?","How does ACC work for high-income earners and self-employed business owners?"],"citation_chain":{"official_source":"Accident Compensation (Earners' Levy) Regulations & Inland Revenue PAYE Schedule (2026/27)","official_source_url":"https://www.acc.co.nz/about-us/our-levies-2/levy-results","source_series_ids":"ACC Earners' Levy Rate & Maximum Liable Earnings Threshold","hlf_transformation":"Max Levy: ($156,641 \u00f7 100) \u00d7 $1.75 = $2,741.22/yr | Max 80% Comp: $156,641 \u00d7 80% = $125,312.80/yr ($2,409.86/wk)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/acc-earners-levy-cap/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Borrowing Power Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/borrowing-power-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"rent-long-term-growth":{"chip":"Tenancy Services","as_of":"2026-08-31","max_age_days":120,"html":"Over the 10 years to August 2026, New Zealand's national median weekly private rent rose in nominal terms by an HLF-derived <strong>+52.6% (+$205/wk, or +4.3%/yr nominal)</strong> from <strong>$390/wk</strong> to <strong>$595/wk</strong>\u2014equivalent to <strong>+14.1% (+1.3%/yr) in CPI inflation-adjusted (real) terms</strong>. Over the past 5 years (from <strong>$510/wk</strong>), median rent rose <strong>+16.7% (+3.1%/yr) nominally</strong> and <strong>-5.0% (-1.0%/yr) in real terms</strong>.","official_data_summary":"MBIE Tenancy Services (August 2026): National median weekly rent = $595/wk (compared with $510/wk 5 years earlier and $390/wk 10 years earlier).","source_html":"Source: <a href=\"https://www.tenancy.govt.nz/about-tenancy-services/data-and-statistics/rental-bond-data/\" target=\"_blank\" rel=\"noopener\">MBIE Tenancy Services \u2014 Rental Bond Data</a> (<a href=\"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470\" target=\"_blank\" rel=\"noopener\">By-Region CSV</a>, licensed under CC BY 4.0). Derived figures licensed by HLF under CC BY 4.0.","latest_period":"August 2026","value":52.6,"latest_value":"10Y: +52.6% nominal (4.3%/yr) | +14.1% real CPI-adjusted (+1.3%/yr)","previous_period":"5Y: +16.7% nominal (3.1%/yr) | -5.0% real (-1.0%/yr)","change":"+$205/wk (+$10,660/yr) nominal over 10 years","calculation_live":"10Y Nominal: ($595\u2212$390)\u00f7$390=+52.6% (+4.3%/yr) | 10Y Real (\u00f71.337 CPI): +14.1% (+1.3%/yr) | 5Y Nominal: +16.7% (+3.1%/yr) | 5Y Real (\u00f71.228 CPI): -5.0%","historical_data_from":"Available from February 1993 (403 monthly observations)","history":[{"period":"2026-08","label":"Aug 2026","value":595,"formatted":"$595/wk"},{"period":"2025-08","label":"Aug 2025","value":590,"formatted":"$590/wk"},{"period":"2024-08","label":"Aug 2024","value":600,"formatted":"$600/wk"},{"period":"2023-08","label":"Aug 2023","value":580,"formatted":"$580/wk"},{"period":"2022-08","label":"Aug 2022","value":540,"formatted":"$540/wk"},{"period":"2021-08","label":"Aug 2021","value":510,"formatted":"$510/wk"},{"period":"2020-08","label":"Aug 2020","value":470,"formatted":"$470/wk"},{"period":"2019-08","label":"Aug 2019","value":450,"formatted":"$450/wk"},{"period":"2018-08","label":"Aug 2018","value":430,"formatted":"$430/wk"},{"period":"2017-08","label":"Aug 2017","value":400,"formatted":"$400/wk"},{"period":"2016-08","label":"Aug 2016","value":390,"formatted":"$390/wk"}],"source_published":"2026-10-13 (13 October 2026)","source_url":"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470","ticker":"rent-long-term-growth","name":"Long-term 5-year & 10-year New Zealand median weekly rent growth (nominal & real CPI-adjusted)","also_known_as":"MBIE Tenancy Services 5-year and 10-year nominal and real rental growth benchmark","category":"Property investors & rents","topic":"Long-term rent inflation & yield modelling","source":"MBIE Tenancy Services & Stats NZ CPI","source_full":"MBIE Tenancy Services \u2014 Rental Bond Data (Long-Term Series) & Stats NZ CPI","source_series_ids":"Tenancy Services Monthly Regional Bond CSV (5Y & 10Y Median Rent)","period":"2026-08","observation_period":"August 2026","observed_period":"2026-08","period_end":"2026-08-31","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported historical medians & HLF-derived 5-year / 10-year nominal and real (CPI-adjusted) CAGR","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Cumulative percentage growth, dollar increase, and compound annual growth rate (CAGR) in national median weekly private rents over the trailing 5-year and 10-year periods in both nominal and CPI inflation-adjusted (real) terms.","calculation":"10Y Nominal: ($595\u2212$390)\u00f7$390=+52.6% (+4.3%/yr) | 10Y Real (\u00f71.337 CPI): +14.1% (+1.3%/yr) | 5Y Nominal: +16.7% (+3.1%/yr) | 5Y Real (\u00f71.228 CPI): -5.0%","formula":"10Y Nominal % = ((Rent_t \u2212 Rent_t-120) \u00f7 Rent_t-120) \u00d7 100; 10Y Real % = (((Rent_t \u00f7 Rent_t-120) \u00f7 1.337) \u2212 1) \u00d7 100; 10Y Real CAGR = (((Rent_t \u00f7 Rent_t-120) \u00f7 1.337)^(1/10) \u2212 1) \u00d7 100","hlf_interpretation":"HLF market context: Comparing both nominal and inflation-adjusted (real) 5-year and 10-year rental growth provides a balanced benchmark for long-term property cashflow modelling and rent-vs-buy comparisons.","methodology":"Computed from MBIE Tenancy Services historical monthly regional bond CSV series, with real-terms growth deflated by Stats NZ cumulative CPI (+33.7% over 10 years; +22.8% over 5 years).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/rent-long-term-growth/","summary_text":"Over the 10 years to August 2026, New Zealand's national median weekly private rent rose in nominal terms by an HLF-derived +52.6% (+$205/wk, or +4.3%/yr nominal) from $390/wk to $595/wk\u2014equivalent to +14.1% (+1.3%/yr) in CPI inflation-adjusted (real) terms. Over the past 5 years (from $510/wk), median rent rose +16.7% (+3.1%/yr) nominally and -5.0% (-1.0%/yr) in real terms.","citation":"HLF Pulse, Home Loan Factory. \"Long-term 5-year & 10-year New Zealand median weekly rent growth (nominal & real CPI-adjusted),\" August 2026. Derived by HLF from MBIE Tenancy Services \u2014 Rental Bond Data (Long-Term Series) & Stats NZ CPI. https://pulse-data.homeloanfactory.co.nz/rent-long-term-growth/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much have New Zealand rents increased over the last 5 and 10 years in nominal and real terms?","Have New Zealand rents grown faster than general CPI inflation over the last decade?"],"citation_chain":{"official_source":"MBIE Tenancy Services \u2014 Rental Bond Data (Long-Term Series) & Stats NZ CPI","official_source_url":"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470","source_series_ids":"Tenancy Services Monthly Regional Bond CSV (5Y & 10Y Median Rent)","hlf_transformation":"10Y Nominal: ($595\u2212$390)\u00f7$390=+52.6% (+4.3%/yr) | 10Y Real (\u00f71.337 CPI): +14.1% (+1.3%/yr) | 5Y Nominal: +16.7% (+3.1%/yr) | 5Y Real (\u00f71.228 CPI): -5.0%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/rent-long-term-growth/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Investment Property Cashflow Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/investment-property-cashflow-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"rent-quartile-spread":{"chip":"Tenancy Services","as_of":"2026-08-31","max_age_days":120,"html":"In August 2026, newly lodged New Zealand private tenancy bonds recorded a lower-quartile (25th percentile) rent of <strong>$500/wk</strong>, a national median of <strong>$595/wk</strong>, and an upper-quartile (75th percentile) rent of <strong>$700/wk</strong>\u2014an HLF-calculated interquartile spread of <strong>$200/wk ($10,400/yr)</strong>.","official_data_summary":"MBIE Tenancy Services (August 2026): Nationwide ('ALL') Lower Quartile Rent = $500/wk; Median Rent = $595/wk; Upper Quartile Rent = $700/wk.","source_html":"Source: <a href=\"https://www.tenancy.govt.nz/about-tenancy-services/data-and-statistics/rental-bond-data/\" target=\"_blank\" rel=\"noopener\">MBIE Tenancy Services \u2014 Rental Bond Data</a> (<a href=\"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470\" target=\"_blank\" rel=\"noopener\">By-Region CSV</a>, licensed under CC BY 4.0). Derived figures licensed by HLF under CC BY 4.0.","latest_period":"August 2026","value":200,"latest_value":"Lower quartile $500/wk | Median $595/wk | Upper quartile $700/wk","previous_period":"Interquartile spread: $200/wk ($10,400/yr)","change":"Annualised rent range: $26,000/yr (25th pct) to $36,400/yr (75th pct)","calculation_live":"Upper Quartile ($700/wk) minus Lower Quartile ($500/wk) = $200/wk ($10,400/yr)","historical_data_from":"Available from February 1993 (403 monthly observations)","history":[{"period":"Lower Quartile (25%)","label":"Lower Quartile (25th percentile)","value":500,"formatted":"$500/wk ($26,000/yr)"},{"period":"National Median (50%)","label":"National Median (50th percentile)","value":595,"formatted":"$595/wk ($30,940/yr)"},{"period":"Upper Quartile (75%)","label":"Upper Quartile (75th percentile)","value":700,"formatted":"$700/wk ($36,400/yr)"}],"source_published":"2026-10-13 (13 October 2026)","source_url":"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470","ticker":"rent-quartile-spread","name":"New Zealand weekly private rent distribution: lower quartile, median & upper quartile","also_known_as":"MBIE Tenancy Services 25th, 50th, and 75th percentile weekly rent spread","category":"Property investors & rents","topic":"Rental affordability & market tiers","source":"MBIE Tenancy Services","source_full":"MBIE Tenancy Services \u2014 Rental Bond Data (Quartile Series)","source_series_ids":"Tenancy Services Lower Quartile, Median & Upper Quartile Weekly Rent","period":"2026-08","observation_period":"August 2026","observed_period":"2026-08","period_end":"2026-08-31","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD/week","data_type":"Officially reported MBIE quartiles & HLF-calculated interquartile spread","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The lower quartile (25th percentile), median (50th percentile), and upper quartile (75th percentile) weekly private rent across newly lodged New Zealand tenancy bonds, plus the interquartile dollar spread.","calculation":"Upper Quartile ($700/wk) minus Lower Quartile ($500/wk) = $200/wk ($10,400/yr)","formula":"Interquartile Spread = Upper Quartile Rent \u2212 Lower Quartile Rent (NZD/wk and NZD/yr)","hlf_interpretation":"HLF market context: Comparing lower-quartile entry-level rents against median and upper-quartile family rents helps both tenants budgeting for a first-home deposit and investors assessing different property tiers.","methodology":"Sourced from MBIE Tenancy Services monthly regional bond dataset.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/rent-quartile-spread/","summary_text":"In August 2026, newly lodged New Zealand private tenancy bonds recorded a lower-quartile (25th percentile) rent of $500/wk, a national median of $595/wk, and an upper-quartile (75th percentile) rent of $700/wk\u2014an HLF-calculated interquartile spread of $200/wk ($10,400/yr).","citation":"HLF Pulse, Home Loan Factory. \"New Zealand weekly private rent distribution: lower quartile, median & upper quartile,\" August 2026. Derived by HLF from MBIE Tenancy Services \u2014 Rental Bond Data (Quartile Series). https://pulse-data.homeloanfactory.co.nz/rent-quartile-spread/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What is the lower-quartile and upper-quartile weekly rent in New Zealand?","How wide is the gap between entry-level and upper-tier weekly rents in NZ?"],"citation_chain":{"official_source":"MBIE Tenancy Services \u2014 Rental Bond Data (Quartile Series)","official_source_url":"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470","source_series_ids":"Tenancy Services Lower Quartile, Median & Upper Quartile Weekly Rent","hlf_transformation":"Upper Quartile ($700/wk) minus Lower Quartile ($500/wk) = $200/wk ($10,400/yr)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/rent-quartile-spread/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"NZ Property Rental Yield Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/nz-property-rental-yield-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"rental-turnover-net-stock":{"chip":"Tenancy Services","as_of":"2026-08-31","max_age_days":120,"html":"Over the 12 months to August 2026, New Zealand's pool of active private rental bonds changed by an HLF-calculated <strong>+28,287 bonds (+5.7%)</strong> to <strong>522,942 active bonds</strong> (compared with 494,655 a year earlier), with <strong>13,062 bonds lodged</strong> and <strong>11,256 bonds closed</strong> during August 2026 (a monthly net flow of <strong>+1,806 bonds</strong>).","official_data_summary":"MBIE Tenancy Services (August 2026): Active Bonds = 522,942 (vs 494,655 a year earlier); Monthly Lodged Bonds = 13,062; Monthly Closed Bonds = 11,256.","source_html":"Source: <a href=\"https://www.tenancy.govt.nz/about-tenancy-services/data-and-statistics/rental-bond-data/\" target=\"_blank\" rel=\"noopener\">MBIE Tenancy Services \u2014 Rental Bond Data</a> (<a href=\"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470\" target=\"_blank\" rel=\"noopener\">By-Region CSV</a>, licensed under CC BY 4.0). Derived figures licensed by HLF under CC BY 4.0.","latest_period":"August 2026","value":28287,"latest_value":"+28,287 active bonds YoY (+5.7%) | 13,062 lodged vs 11,256 closed in August 2026","previous_period":"12 months earlier: 494,655 active bonds","change":"Monthly net bond movement in August 2026: +1,806 bonds","calculation_live":"12M Net Stock Change: 522,942 \u2212 494,655 = +28,287 (+5.7%) | Monthly Net Flow: 13,062 \u2212 11,256 = +1,806","historical_data_from":"Available from February 1993 (403 monthly observations)","history":[{"period":"2026-08","label":"Aug 2026","value":522942.0,"formatted":"522,942 active bonds"},{"period":"2026-07","label":"Jul 2026","value":521697.0,"formatted":"521,697 active bonds"},{"period":"2026-06","label":"Jun 2026","value":519342.0,"formatted":"519,342 active bonds"},{"period":"2026-05","label":"May 2026","value":518355.0,"formatted":"518,355 active bonds"},{"period":"2026-04","label":"Apr 2026","value":519498.0,"formatted":"519,498 active bonds"},{"period":"2026-03","label":"Mar 2026","value":516918.0,"formatted":"516,918 active bonds"},{"period":"2026-02","label":"Feb 2026","value":516297.0,"formatted":"516,297 active bonds"},{"period":"2026-01","label":"Jan 2026","value":516783.0,"formatted":"516,783 active bonds"},{"period":"2025-12","label":"Dec 2025","value":515394.0,"formatted":"515,394 active bonds"},{"period":"2025-11","label":"Nov 2025","value":508065.0,"formatted":"508,065 active bonds"},{"period":"2025-10","label":"Oct 2025","value":499011.0,"formatted":"499,011 active bonds"},{"period":"2025-09","label":"Sep 2025","value":496161.0,"formatted":"496,161 active bonds"},{"period":"2025-08","label":"Aug 2025","value":494655.0,"formatted":"494,655 active bonds"}],"source_published":"2026-10-13 (13 October 2026)","source_url":"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470","ticker":"rental-turnover-net-stock","name":"Annual net change in active private rental bonds & monthly tenancy turnover","also_known_as":"MBIE Tenancy Services active bond pool growth & lodged vs closed bonds","category":"Property investors & rents","topic":"Rental stock expansion & tenancy turnover","source":"MBIE Tenancy Services","source_full":"MBIE Tenancy Services \u2014 Rental Bond Data (Lodged, Closed & Active Bonds)","source_series_ids":"Tenancy Services Active Bonds YoY Change & Monthly Closed Bonds","period":"2026-08","observation_period":"August 2026","observed_period":"2026-08","period_end":"2026-08-31","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"bonds","data_type":"Officially reported bond counts & HLF-calculated 12-month net stock change","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The 12-month net change in the total pool of active private rental bonds across New Zealand, alongside the monthly comparison of newly lodged bonds versus closed (refunded) bonds.","calculation":"12M Net Stock Change: 522,942 \u2212 494,655 = +28,287 (+5.7%) | Monthly Net Flow: 13,062 \u2212 11,256 = +1,806","formula":"12-Month Net Active Change = Active Bonds_t \u2212 Active Bonds_t-12; Monthly Net Flow = Lodged Bonds \u2212 Closed Bonds","hlf_interpretation":"HLF market context: A rising pool of active private rental bonds indicates net expansion in occupied private rental stock across New Zealand, while the monthly ratio of lodged to closed bonds reflects seasonal tenancy turnover.","methodology":"Derived from MBIE Tenancy Services monthly regional bond dataset ('ALL' New Zealand location).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/rental-turnover-net-stock/","summary_text":"Over the 12 months to August 2026, New Zealand's pool of active private rental bonds changed by an HLF-calculated +28,287 bonds (+5.7%) to 522,942 active bonds (compared with 494,655 a year earlier), with 13,062 bonds lodged and 11,256 bonds closed during August 2026 (a monthly net flow of +1,806 bonds).","citation":"HLF Pulse, Home Loan Factory. \"Annual net change in active private rental bonds & monthly tenancy turnover,\" August 2026. Derived by HLF from MBIE Tenancy Services \u2014 Rental Bond Data (Lodged, Closed & Active Bonds). https://pulse-data.homeloanfactory.co.nz/rental-turnover-net-stock/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["Is the number of private rental properties in New Zealand growing or shrinking?","How many rental tenancies end (close) vs start (lodge) each month in NZ?"],"citation_chain":{"official_source":"MBIE Tenancy Services \u2014 Rental Bond Data (Lodged, Closed & Active Bonds)","official_source_url":"https://www.tenancy.govt.nz/assets/Uploads/Tenancy/Rental-bond-data/detailed-monthly-region-tenancy-october.csv?m=45906e047a67e329e2993f042dc17ad3e0f5d470","source_series_ids":"Tenancy Services Active Bonds YoY Change & Monthly Closed Bonds","hlf_transformation":"12M Net Stock Change: 522,942 \u2212 494,655 = +28,287 (+5.7%) | Monthly Net Flow: 13,062 \u2212 11,256 = +1,806","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/rental-turnover-net-stock/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Investment Property Cashflow Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/investment-property-cashflow-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"kiwisaver-hardship-withdrawals":{"chip":"Inland Revenue","as_of":"2026-09-30","max_age_days":85,"html":"In September 2026, Inland Revenue recorded <strong>5,440</strong> KiwiSaver members approved for a significant financial hardship withdrawal totalling <strong>$47.9m</strong>\u2014an HLF-derived mean of <strong>$8,805</strong> per member (with annual hardship withdrawals rising over 10 years from <strong>10,670 members / $59.4m in FY2016</strong> to <strong>52,330 members / $538.2m in FY2026</strong>).","official_data_summary":"Inland Revenue KiwiSaver Withdrawals (September 2026): Financial hardship withdrawals = 5,440 members and $47.9m (FY2026: 52,330 / $538.2m vs FY2016: 10,670 / $59.4m).","source_html":"Source: <a href=\"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/datasets\" target=\"_blank\" rel=\"noopener\">Inland Revenue \u2014 KiwiSaver Withdrawal Statistics</a> (CC BY 4.0). Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":47.9,"latest_value":"$47.9m across 5,440 members (avg $8,805/member)","previous_period":"FY2026: $538.2m (52,330 members) vs FY2016: $59.4m (10,670 members)","change":"+6.7m vs prior period | +390.4% 10-yr member count growth","calculation_live":"$47.9m \u00d7 $1m \u00f7 5,440 members = $8,805/member (FY2026 annual avg: $538.2m \u00f7 52,330 = $10,285/member)","historical_data_from":"Inland Revenue monthly & 10-year June FY series (September 2026)","history":[{"period":"FY2026","label":"FY2026 (Year ended Jun 2026)","value":538.2,"formatted":"$538.2m (52,330 members, avg $10,285)"},{"period":"FY2024","label":"FY2024 (Year ended Jun 2024)","value":362.5,"formatted":"$362.5m (39,810 members, avg $9,106)"},{"period":"FY2021","label":"FY2021 (Year ended Jun 2021)","value":159.2,"formatted":"$159.2m (21,450 members, avg $7,422)"},{"period":"FY2016","label":"FY2016 (Year ended Jun 2016)","value":59.4,"formatted":"$59.4m (10,670 members, avg $5,567)"}],"source_published":"Monthly Inland Revenue KiwiSaver withdrawal statistics release (~4 weeks after month-end)","ticker":"kiwisaver-hardship-withdrawals","name":"Monthly & 10-year KiwiSaver significant financial hardship withdrawals","also_known_as":"IRD KiwiSaver financial hardship withdrawal count, value & average","category":"KiwiSaver","topic":"KiwiSaver financial hardship & household pressure","source":"Inland Revenue","source_full":"Inland Revenue \u2014 KiwiSaver Withdrawal Statistics (Financial Hardship)","source_series_ids":"IRD Monthly & Annual Financial Hardship Withdrawals","source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/datasets","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD","data_type":"Officially reported IRD hardship counts/values & HLF-derived per-member average","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The monthly and annual number of KiwiSaver members approved for a significant financial hardship withdrawal, total dollars withdrawn, and HLF-derived average withdrawal per member.","calculation":"$47.9m \u00d7 $1m \u00f7 5,440 members = $8,805/member (FY2026 annual avg: $538.2m \u00f7 52,330 = $10,285/member)","formula":"Mean Hardship Withdrawal = Total Hardship Withdrawal Dollars \u00f7 Hardship Withdrawing Members","hlf_interpretation":"HLF market context: Significant financial hardship withdrawals require supervisor approval when a member cannot meet minimum living expenses or mortgage arrears. Tracking hardship withdrawals alongside first-home withdrawals provides a barometer of household cost-of-living and mortgage-servicing pressure.","methodology":"Compiled monthly and annually by Inland Revenue from KiwiSaver scheme provider reports.","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-hardship-withdrawals/","summary_text":"In September 2026, Inland Revenue recorded 5,440 KiwiSaver members approved for a significant financial hardship withdrawal totalling $47.9m\u2014an HLF-derived mean of $8,805 per member (with annual hardship withdrawals rising over 10 years from 10,670 members / $59.4m in FY2016 to 52,330 members / $538.2m in FY2026).","citation":"HLF Pulse, Home Loan Factory. \"Monthly & 10-year KiwiSaver significant financial hardship withdrawals,\" September 2026. Derived by HLF from Inland Revenue \u2014 KiwiSaver Withdrawal Statistics (Financial Hardship). https://pulse-data.homeloanfactory.co.nz/kiwisaver-hardship-withdrawals/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many New Zealanders withdraw KiwiSaver for financial hardship each month?","What is the average KiwiSaver financial hardship withdrawal amount in NZ?"],"citation_chain":{"official_source":"Inland Revenue \u2014 KiwiSaver Withdrawal Statistics (Financial Hardship)","official_source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/datasets","source_series_ids":"IRD Monthly & Annual Financial Hardship Withdrawals","hlf_transformation":"$47.9m \u00d7 $1m \u00f7 5,440 members = $8,805/member (FY2026 annual avg: $538.2m \u00f7 52,330 = $10,285/member)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-hardship-withdrawals/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"HLF Home Loan Repayments Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/home-loan-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"kiwisaver-total-fum-balance":{"chip":"FMA & Stats NZ","as_of":"2026-03-31","max_age_days":550,"html":"In the FMA's 2026 KiwiSaver Annual Report (for the year ended 31 March 2026, published 10 September 2026), total funds under management reached <strong>$138.8B</strong> across <strong>3.44 million</strong> enrolled members, with an officially reported average member balance of <strong>$40,340</strong>\u2014up <strong>+213.9% nominally (+12.1%/yr, or +$27,488)</strong> from <strong>$12,852</strong> in 2016, and up <strong>+134.8% in CPI inflation-adjusted (real) terms (+8.9%/yr, or +$23,157 in 2026 dollars)</strong>.","official_data_summary":"FMA KiwiSaver Annual Report 2026 (year ended 31 March 2026, published 10 September 2026): Official average member balance = $40,340; Total FUM = $138.8B across 3.44m members (vs $12,852 / $33.8B in March 2016).","source_html":"Source: <a href=\"https://www.fma.govt.nz/library/reports-and-papers/kiwisaver-annual-report/\" target=\"_blank\" rel=\"noopener\">Financial Markets Authority (FMA) \u2014 KiwiSaver Annual Report 2026</a> (published 10 September 2026, CC BY 4.0) &amp; Stats NZ CPI. Real/nominal growth derived by HLF (CC BY 4.0).","latest_period":"Year ended 31 March 2026","value":40340,"latest_value":"$40,340 official FMA avg balance ($138.8B FUM across 3.44m members)","previous_period":"2016 avg: $12,852 ($17,183 in 2026 CPI-adjusted NZD) | 2025 avg: $36,420","change":"10Y Nominal: +213.9% (+12.1%/yr) | 10Y Real (CPI-adjusted): +134.8% (+8.9%/yr)","calculation_live":"Nominal 10Y: ($40,340 \u2212 $12,852) \u00f7 $12,852 = +213.9% (+12.1%/yr) | Real 10Y (\u00f71.337 CPI): ($40,340 \u00f7 $17,183) \u2212 1 = +134.8% (+8.9%/yr)","historical_data_from":"FMA KiwiSaver Annual Report 10-year series (2016\u20132026)","history":[{"period":"2026","label":"March 2026 (Official FMA Report)","value":40340,"formatted":"$40,340 avg ($138.8B FUM / 3.44m members)"},{"period":"2025","label":"March 2025","value":36420,"formatted":"$36,420 avg ($123.1B FUM / 3.38m members)"},{"period":"2020","label":"March 2020","value":20462,"formatted":"$20,462 avg ($62.0B FUM / 3.03m members)"},{"period":"2016","label":"March 2016","value":12852,"formatted":"$12,852 nominal ($17,183 in 2026 NZD; $33.8B FUM)"}],"source_published":"2026-09-10 (10 September 2026 \u2014 FMA KiwiSaver Annual Report 2026 release)","ticker":"kiwisaver-total-fum-balance","name":"KiwiSaver total funds under management (FUM) & average member balance (10-year nominal & real growth)","also_known_as":"FMA KiwiSaver Annual Report total FUM & official average balance per member","category":"KiwiSaver","topic":"Long-term KiwiSaver balances & FUM growth","source":"FMA & RBNZ","source_full":"Financial Markets Authority (FMA) KiwiSaver Annual Report & RBNZ Managed Funds Survey","source_series_ids":"FMA Annual KiwiSaver Total FUM, Enrolled Member Count & Published Average Balance","source_url":"https://www.fma.govt.nz/library/reports-and-papers/kiwisaver-annual-report/","period":"2026-03","observation_period":"Year ended 31 March 2026","observed_period":"2026-03","period_end":"2026-03-31","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZD","data_type":"Officially reported FMA average balance/FUM & HLF-calculated 10-year nominal and CPI inflation-adjusted (real) growth","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Total funds under management (FUM) across all New Zealand KiwiSaver schemes, total enrolled members, and the FMA's officially published average balance per member ($40,340 as at 31 March 2026), alongside HLF-calculated 10-year nominal and CPI inflation-adjusted (real) growth rates.","calculation":"Nominal 10Y: ($40,340 \u2212 $12,852) \u00f7 $12,852 = +213.9% (+12.1%/yr) | Real 10Y (\u00f71.337 CPI): ($40,340 \u00f7 $17,183) \u2212 1 = +134.8% (+8.9%/yr)","formula":"Official FMA Average Balance = $40,340; 10Y Nominal Growth = ($40,340 \u2212 $12,852) \u00f7 $12,852 = +213.9% (+12.1% p.a.); 10Y Real (CPI-Adjusted) Growth = (($40,340 \u00f7 $12,852) \u00f7 1.337) \u2212 1 = +134.8% (+8.9% p.a.)","hlf_interpretation":"HLF market context: The FMA's published average member balance ($40,340) is calculated across all 3.44 million enrolled KiwiSaver accounts\u2014which includes children, non-contributing members, and members who have recently withdrawn funds for a first home.","methodology":"Sourced from the FMA KiwiSaver Annual Report (for the year ended 31 March 2026, published 10 September 2026). Real (inflation-adjusted) 10-year growth is deflated by HLF using Stats NZ's cumulative 10-year all-groups CPI factor (+33.7% / 1.337x from March 2016 to March 2026).","update_frequency":"Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-total-fum-balance/","summary_text":"In the FMA's 2026 KiwiSaver Annual Report (for the year ended 31 March 2026, published 10 September 2026), total funds under management reached $138.8B across 3.44 million enrolled members, with an officially reported average member balance of $40,340\u2014up +213.9% nominally (+12.1%/yr, or +$27,488) from $12,852 in 2016, and up +134.8% in CPI inflation-adjusted (real) terms (+8.9%/yr, or +$23,157 in 2026 dollars).","citation":"HLF Pulse, Home Loan Factory. \"KiwiSaver total funds under management (FUM) & average member balance (10-year nominal & real growth),\" Year ended 31 March 2026. Derived by HLF from Financial Markets Authority (FMA) KiwiSaver Annual Report & RBNZ Managed Funds Survey. https://pulse-data.homeloanfactory.co.nz/kiwisaver-total-fum-balance/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What is the average KiwiSaver balance in New Zealand?","How much money is invested in KiwiSaver in total across New Zealand?","How fast have KiwiSaver balances grown over the last 10 years after adjusting for inflation?"],"citation_chain":{"official_source":"Financial Markets Authority (FMA) KiwiSaver Annual Report & RBNZ Managed Funds Survey","official_source_url":"https://www.fma.govt.nz/library/reports-and-papers/kiwisaver-annual-report/","source_series_ids":"FMA Annual KiwiSaver Total FUM, Enrolled Member Count & Published Average Balance","hlf_transformation":"Nominal 10Y: ($40,340 \u2212 $12,852) \u00f7 $12,852 = +213.9% (+12.1%/yr) | Real 10Y (\u00f71.337 CPI): ($40,340 \u00f7 $17,183) \u2212 1 = +134.8% (+8.9%/yr)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-total-fum-balance/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"KiwiSaver vs Loan Payoff Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/kiwisaver-vs-loan-payoff-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"kiwisaver-default-vs-active":{"chip":"Inland Revenue","as_of":"2026-06-30","max_age_days":420,"html":"In Inland Revenue's KiwiSaver scheme entry statistics (year ended 30 June 2026), an HLF-derived <strong>24.5% (844,791 members)</strong> remained in schemes allocated passively via <strong>IRD default allocation (638,563, or 18.5%)</strong> or <strong>employer nomination (206,228, or 6.0%)</strong>, compared with <strong>75.5% (2,598,410 members)</strong> who actively selected their scheme (up from 1.90m in 2016).","official_data_summary":"Inland Revenue KiwiSaver Entry Method (Year ended 30 June 2026): Default allocated = 638,563; Employer nominated = 206,228; Actively chosen = 2,598,410.","source_html":"Source: <a href=\"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/schemes/entry-method\" target=\"_blank\" rel=\"noopener\">Inland Revenue \u2014 KiwiSaver Scheme Entry Method Statistics</a> (CC BY 4.0). Derived by HLF (CC BY 4.0).","latest_period":"Year ended June 2026","value":24.5,"latest_value":"24.5% default/employer-allocated (844,791) vs 75.5% active choice","previous_period":"Default allocated: 638,563 (18.5%) | Employer nominated: 206,228 (6.0%)","change":"Active scheme selection grew from ~1.90m (2016) to ~2.60m members","calculation_live":"Passive: (638,563 + 206,228) \u00f7 3,443,201 = 24.5% | Active: 2,598,410 \u00f7 3,443,201 = 75.5%","historical_data_from":"Inland Revenue 10-year June FY entry method series (2016\u20132026)","source_published":"Annual Inland Revenue KiwiSaver scheme entry method release (published post-30 June FY)","ticker":"kiwisaver-default-vs-active","name":"KiwiSaver active scheme choice vs default & employer-nominated allocation","also_known_as":"IRD KiwiSaver scheme entry method (Active choice vs Default allocated)","category":"KiwiSaver","topic":"KiwiSaver default vs active membership","source":"Inland Revenue","source_full":"Inland Revenue \u2014 KiwiSaver Scheme Entry Method Statistics","source_series_ids":"IRD Annual KiwiSaver Members by Scheme Entry Method (June FY)","source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/schemes/entry-method","period":"2026-06","observation_period":"Year ended June 2026","observed_period":"2026-06","period_end":"2026-06-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported IRD member counts & HLF-derived percentage shares","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Breakdown of enrolled New Zealand KiwiSaver members by how they entered their scheme: active personal choice versus passive IRD default allocation or employer-nominated scheme entry.","calculation":"Passive: (638,563 + 206,228) \u00f7 3,443,201 = 24.5% | Active: 2,598,410 \u00f7 3,443,201 = 75.5%","formula":"Non-Active Share = ((Default Allocated + Employer Nominated) \u00f7 Total Members) \u00d7 100","hlf_interpretation":"HLF market context: Since December 2021, default KiwiSaver funds have been mandated to use a Balanced (rather than Conservative) investment mandate, but default allocation still means the member has not actively selected a fund type aligned to their specific first-home or retirement timeframe.","methodology":"Published annually by Inland Revenue for the year ended 30 June tracking cumulative scheme entry methods.","update_frequency":"Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-default-vs-active/","summary_text":"In Inland Revenue's KiwiSaver scheme entry statistics (year ended 30 June 2026), an HLF-derived 24.5% (844,791 members) remained in schemes allocated passively via IRD default allocation (638,563, or 18.5%) or employer nomination (206,228, or 6.0%), compared with 75.5% (2,598,410 members) who actively selected their scheme (up from 1.90m in 2016).","citation":"HLF Pulse, Home Loan Factory. \"KiwiSaver active scheme choice vs default & employer-nominated allocation,\" Year ended June 2026. Derived by HLF from Inland Revenue \u2014 KiwiSaver Scheme Entry Method Statistics. https://pulse-data.homeloanfactory.co.nz/kiwisaver-default-vs-active/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many New Zealanders are still in a default KiwiSaver scheme?","What percentage of KiwiSaver members actively choose their provider?"],"citation_chain":{"official_source":"Inland Revenue \u2014 KiwiSaver Scheme Entry Method Statistics","official_source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/schemes/entry-method","source_series_ids":"IRD Annual KiwiSaver Members by Scheme Entry Method (June FY)","hlf_transformation":"Passive: (638,563 + 206,228) \u00f7 3,443,201 = 24.5% | Active: 2,598,410 \u00f7 3,443,201 = 75.5%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-default-vs-active/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"KiwiSaver vs Loan Payoff Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/kiwisaver-vs-loan-payoff-calculator"},"history":[],"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"kiwisaver-contributions-10yr":{"chip":"Inland Revenue","as_of":"2026-06-30","max_age_days":420,"html":"Over the year ended 30 June 2026, Inland Revenue transferred <strong>$11.40B</strong> in KiwiSaver contributions to scheme providers\u2014up an HLF-derived <strong>+123.5% nominally (+8.4%/yr)</strong> and <strong>+67.2% in CPI inflation-adjusted real terms (+5.3%/yr)</strong> from $5.10B in FY2016\u2014comprising <strong>$6.64B (58.2%)</strong> in employee deductions, <strong>$3.72B (32.6%)</strong> in employer contributions, and <strong>$1.04B (9.1%)</strong> in Crown contributions (with the statutory default rate at <strong>3.5% EE / 3.5% ER</strong> from 1 April 2026 and max annual Government contribution at <strong>$260.72</strong>).","official_data_summary":"Inland Revenue KiwiSaver Provider Payments (FY2026): Total = $11.40B (Employee = $6.64B, Employer = $3.72B, Crown = $1.04B; vs $5.10B in FY2016). Statutory default rate = 3.5%; max Government contribution = $260.72/yr.","source_html":"Source: <a href=\"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/contributions/scheme-providers-payments\" target=\"_blank\" rel=\"noopener\">Inland Revenue \u2014 KiwiSaver Scheme Provider Payments</a> (CC BY 4.0). Derived by HLF (CC BY 4.0).","latest_period":"Year ended June 2026","value":11.4,"latest_value":"$11.40B/yr ($6.64B EE | $3.72B ER | $1.04B Crown) | $260.72 max Gov match","previous_period":"FY2016 total IRD transfers: $5.10B","change":"10Y Nominal: +123.5% (+8.4%/yr) | 10Y Real (CPI-adjusted): +67.2% (+5.3%/yr)","calculation_live":"Shares: EE 58.2% | ER 32.6% | Crown 9.1% | 10Y Nominal: ($11.40B\u2212$5.10B)\u00f7$5.10B=+123.5% | 10Y Real (\u00f71.337 CPI): +67.2%","historical_data_from":"Inland Revenue 10-year June FY contributions series (FY2016\u2013FY2026)","history":[{"period":"FY2026","label":"FY2026","value":11.4,"formatted":"$11.40B ($6.64B EE / $3.72B ER / $1.04B Crown)"},{"period":"FY2024","label":"FY2024","value":10.65,"formatted":"$10.65B ($6.21B EE / $3.42B ER / $1.02B Crown)"},{"period":"FY2020","label":"FY2020","value":7.64,"formatted":"$7.64B ($4.55B EE / $2.26B ER / $0.83B Crown)"},{"period":"FY2016","label":"FY2016","value":5.1,"formatted":"$5.10B ($3.08B EE / $1.47B ER / $0.55B Crown)"}],"source_published":"Annual Inland Revenue KiwiSaver provider payments release (published post-30 June FY)","ticker":"kiwisaver-contributions-10yr","name":"Annual KiwiSaver employee, employer & Crown contributions (10-year nominal/real trend & 3.5% default rate)","also_known_as":"IRD KiwiSaver scheme provider payments & statutory contribution settings","category":"KiwiSaver","topic":"KiwiSaver contributions & government match","source":"Inland Revenue","source_full":"Inland Revenue \u2014 KiwiSaver Scheme Provider Payments & Statutory Settings","source_series_ids":"IRD Annual Deductions & Crown Contributions Passed to Providers","source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/contributions/scheme-providers-payments","period":"2026-06","observation_period":"Year ended June 2026","observed_period":"2026-06","period_end":"2026-06-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"NZDB","data_type":"Officially reported IRD dollar flows, statutory rates & HLF-calculated nominal/real 10-year growth","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"Total annual KiwiSaver contributions transferred by Inland Revenue to scheme providers (broken down by employee deductions, employer contributions, and Crown government contributions) over a 10-year window in both nominal and CPI inflation-adjusted terms, alongside current statutory default rates.","calculation":"Shares: EE 58.2% | ER 32.6% | Crown 9.1% | 10Y Nominal: ($11.40B\u2212$5.10B)\u00f7$5.10B=+123.5% | 10Y Real (\u00f71.337 CPI): +67.2%","formula":"10Y Nominal Growth = ($11.40B \u2212 $5.10B) \u00f7 $5.10B = +123.5% (+8.4% p.a.); 10Y Real (CPI-Adjusted) Growth = (($11.40B \u00f7 $5.10B) \u00f7 1.337) \u2212 1 = +67.2% (+5.3% p.a.)","hlf_interpretation":"HLF market context: Under current KiwiSaver settings, the maximum annual Government contribution is $260.72 (25 cents per dollar on the first $1,042.86 of member contributions for eligible earners at or below $180,000), and the default employee and employer contribution rate increased from 3.0% to 3.5% from 1 April 2026 (scheduled to reach 4.0% from 1 April 2028).","methodology":"Compiled from Inland Revenue's annual KiwiSaver payments table (year ended 30 June) and statutory KiwiSaver Act settings, deflated over 10 years using Stats NZ's cumulative CPI factor (+33.7%).","update_frequency":"Annual / Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-contributions-10yr/","summary_text":"Over the year ended 30 June 2026, Inland Revenue transferred $11.40B in KiwiSaver contributions to scheme providers\u2014up an HLF-derived +123.5% nominally (+8.4%/yr) and +67.2% in CPI inflation-adjusted real terms (+5.3%/yr) from $5.10B in FY2016\u2014comprising $6.64B (58.2%) in employee deductions, $3.72B (32.6%) in employer contributions, and $1.04B (9.1%) in Crown contributions (with the statutory default rate at 3.5% EE / 3.5% ER from 1 April 2026 and max annual Government contribution at $260.72).","citation":"HLF Pulse, Home Loan Factory. \"Annual KiwiSaver employee, employer & Crown contributions (10-year nominal/real trend & 3.5% default rate),\" Year ended June 2026. Derived by HLF from Inland Revenue \u2014 KiwiSaver Scheme Provider Payments & Statutory Settings. https://pulse-data.homeloanfactory.co.nz/kiwisaver-contributions-10yr/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How much do New Zealand employees, employers, and the Government contribute to KiwiSaver each year?","What is the current KiwiSaver Government contribution amount ($260.72) and default contribution rate (3.5%)?"],"citation_chain":{"official_source":"Inland Revenue \u2014 KiwiSaver Scheme Provider Payments & Statutory Settings","official_source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/contributions/scheme-providers-payments","source_series_ids":"IRD Annual Deductions & Crown Contributions Passed to Providers","hlf_transformation":"Shares: EE 58.2% | ER 32.6% | Crown 9.1% | 10Y Nominal: ($11.40B\u2212$5.10B)\u00f7$5.10B=+123.5% | 10Y Real (\u00f71.337 CPI): +67.2%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-contributions-10yr/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"KiwiSaver vs Loan Payoff Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/kiwisaver-vs-loan-payoff-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"kiwisaver-fund-allocation-shift":{"chip":"FMA KiwiSaver Report","as_of":"2026-03-31","max_age_days":550,"html":"Over the past decade, New Zealand KiwiSaver funds under management shifted from <strong>40.4% Conservative/Cash and 28.3% Growth in 2016</strong> to an HLF-derived <strong>47.6% in Growth/Aggressive funds</strong>, <strong>28.1% in Balanced funds</strong>, and <strong>16.2% in Conservative/Cash funds</strong> as at 31 March 2026 (published by the FMA on 10 September 2026).","official_data_summary":"FMA KiwiSaver Annual Report 2026 (year ended 31 March 2026, published 10 September 2026): Growth/Aggressive FUM share = 47.6% (vs 28.3% in 2016); Balanced share = 28.1%; Conservative/Cash share = 16.2% (vs 40.4% in 2016).","source_html":"Source: <a href=\"https://www.fma.govt.nz/library/reports-and-papers/kiwisaver-annual-report/\" target=\"_blank\" rel=\"noopener\">Financial Markets Authority (FMA) \u2014 KiwiSaver Annual Report 2026</a> (published 10 September 2026, CC BY 4.0) &amp; Stats NZ CPI. Real/nominal growth derived by HLF (CC BY 4.0).","latest_period":"Year ended 31 March 2026","value":47.6,"latest_value":"47.6% Growth/Aggressive | 28.1% Balanced | 16.2% Conservative/Cash","previous_period":"2016 allocation: 28.3% Growth vs 40.4% Conservative/Cash","change":"+19.3 pts into Growth funds & -24.2 pts out of Conservative over 10 yrs","calculation_live":"Growth: 47.6% (+19.3 pts vs 2016) | Balanced: 28.1% | Conservative: 16.2% (-24.2 pts vs 2016)","historical_data_from":"FMA KiwiSaver Annual Report 10-year asset allocation series (2016\u20132026)","history":[{"period":"Growth / Aggressive","label":"Growth & Aggressive Funds (2026)","value":47.6,"formatted":"47.6% of FUM (up from 28.3% in 2016)"},{"period":"Balanced","label":"Balanced Funds (2026)","value":28.1,"formatted":"28.1% of FUM (incl. post-2021 default funds)"},{"period":"Conservative / Cash","label":"Conservative & Cash Funds (2026)","value":16.2,"formatted":"16.2% of FUM (down from 40.4% in 2016)"},{"period":"Moderate / Other","label":"Moderate & Other Funds (2026)","value":8.1,"formatted":"8.1% of FUM"}],"source_published":"2026-09-10 (10 September 2026 \u2014 FMA KiwiSaver Annual Report 2026 release)","ticker":"kiwisaver-fund-allocation-shift","name":"Long-term KiwiSaver asset allocation shift (Growth vs Balanced vs Conservative funds)","also_known_as":"10-year KiwiSaver FUM breakdown by risk profile (FMA KiwiSaver Report)","category":"KiwiSaver","topic":"KiwiSaver fund risk profiles & asset allocation","source":"FMA KiwiSaver Report","source_full":"Financial Markets Authority (FMA) KiwiSaver Annual Report \u2014 Fund Type Breakdown","source_series_ids":"FMA KiwiSaver FUM by Fund Risk Category","source_url":"https://www.fma.govt.nz/library/reports-and-papers/kiwisaver-annual-report/","period":"2026-03","observation_period":"Year ended 31 March 2026","observed_period":"2026-03","period_end":"2026-03-31","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"Officially reported FMA fund-category totals & HLF-derived percentage shares","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The proportion of total New Zealand KiwiSaver funds under management (FUM) invested in Growth/Aggressive, Balanced, and Conservative/Defensive fund categories compared with 10 years earlier.","calculation":"Growth: 47.6% (+19.3 pts vs 2016) | Balanced: 28.1% | Conservative: 16.2% (-24.2 pts vs 2016)","formula":"Category Share = (Category FUM NZDB \u00f7 Total KiwiSaver FUM NZDB) \u00d7 100","hlf_interpretation":"HLF market context: Over the past decade, New Zealand KiwiSaver balances have shifted structurally from Conservative/Cash funds into Growth and Balanced funds. In practice, appropriate fund selection depends on when the member intends to withdraw funds (for example, a near-term first-home purchase within 1\u20133 years versus a 10\u201330+ year retirement horizon).","methodology":"Derived from FMA KiwiSaver Annual Report disclosures (year ended 31 March 2026, published 10 September 2026) categorising scheme FUM by underlying growth-asset allocation.","update_frequency":"Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-fund-allocation-shift/","summary_text":"Over the past decade, New Zealand KiwiSaver funds under management shifted from 40.4% Conservative/Cash and 28.3% Growth in 2016 to an HLF-derived 47.6% in Growth/Aggressive funds, 28.1% in Balanced funds, and 16.2% in Conservative/Cash funds as at 31 March 2026 (published by the FMA on 10 September 2026).","citation":"HLF Pulse, Home Loan Factory. \"Long-term KiwiSaver asset allocation shift (Growth vs Balanced vs Conservative funds),\" Year ended 31 March 2026. Derived by HLF from Financial Markets Authority (FMA) KiwiSaver Annual Report \u2014 Fund Type Breakdown. https://pulse-data.homeloanfactory.co.nz/kiwisaver-fund-allocation-shift/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What percentage of KiwiSaver money is in Growth vs Balanced vs Conservative funds?","Should I switch from a Growth fund to a Conservative or Cash fund before buying a first home?"],"citation_chain":{"official_source":"Financial Markets Authority (FMA) KiwiSaver Annual Report \u2014 Fund Type Breakdown","official_source_url":"https://www.fma.govt.nz/library/reports-and-papers/kiwisaver-annual-report/","source_series_ids":"FMA KiwiSaver FUM by Fund Risk Category","hlf_transformation":"Growth: 47.6% (+19.3 pts vs 2016) | Balanced: 28.1% | Conservative: 16.2% (-24.2 pts vs 2016)","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-fund-allocation-shift/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"KiwiSaver vs Loan Payoff Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/kiwisaver-vs-loan-payoff-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"kiwisaver-savings-suspensions":{"chip":"Inland Revenue","as_of":"2026-09-30","max_age_days":420,"html":"In September 2026, Inland Revenue recorded <strong>83,936</strong> KiwiSaver members on an active savings suspension (comprising <strong>82,794 ordinary suspensions</strong> and <strong>1,142 financial hardship suspensions</strong>)\u2014down an HLF-calculated <strong>34.1% over 10 years</strong> from <strong>127,360</strong> in June 2016 following the reduction of the maximum standard suspension term from 5 years to 1 year.","official_data_summary":"Inland Revenue KiwiSaver Savings Suspensions (September 2026): Total active suspensions = 83,936 (Ordinary = 82,794, Financial hardship = 1,142; compared with 127,360 in June 2016).","source_html":"Source: <a href=\"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/contributions/savings-suspensions\" target=\"_blank\" rel=\"noopener\">Inland Revenue \u2014 KiwiSaver Savings Suspension Statistics</a> (CC BY 4.0). Derived by HLF (CC BY 4.0).","latest_period":"September 2026","value":83936,"latest_value":"83,936 members on savings suspension (82,794 ordinary | 1,142 hardship)","previous_period":"June 2016 active suspensions: 127,360 members","change":"-43,424 members (-34.1%) over 10 years","calculation_live":"10Y Change: (83,936 \u2212 127,360) \u00f7 127,360 = -34.1% | Ordinary share: 82,794 \u00f7 83,936 = 98.6%","historical_data_from":"Inland Revenue 10-year savings suspension series (2016\u2013September 2026)","history":[{"period":"2026","label":"September 2026","value":83936,"formatted":"83,936 active suspensions (82,794 ordinary / 1,142 hardship)"},{"period":"2023","label":"June 2023","value":91420,"formatted":"91,420 active suspensions"},{"period":"2019","label":"June 2019 (Max term cut 5yr\u21921yr)","value":118650,"formatted":"118,650 active suspensions"},{"period":"2016","label":"June 2016","value":127360,"formatted":"127,360 active suspensions"}],"source_published":"Monthly Inland Revenue KiwiSaver savings suspension release (~4 weeks after month-end)","ticker":"kiwisaver-savings-suspensions","name":"KiwiSaver members on active savings suspensions (10-year trend)","also_known_as":"IRD KiwiSaver contributions holiday / savings suspension statistics","category":"KiwiSaver","topic":"KiwiSaver contribution continuity","source":"Inland Revenue","source_full":"Inland Revenue \u2014 KiwiSaver Savings Suspension Statistics","source_series_ids":"IRD Monthly & Annual Active Savings Suspensions","source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/contributions/savings-suspensions","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"members","data_type":"Officially reported IRD counts & HLF-calculated 10-year change","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The number of enrolled New Zealand KiwiSaver members currently on an approved savings suspension (formerly known as a contributions holiday), broken down by ordinary and financial hardship suspensions.","calculation":"10Y Change: (83,936 \u2212 127,360) \u00f7 127,360 = -34.1% | Ordinary share: 82,794 \u00f7 83,936 = 98.6%","formula":"10-Year Change = (Current Active Suspensions \u2212 June 2016 Active Suspensions) \u00f7 June 2016 Active Suspensions","hlf_interpretation":"HLF market context: Lowering the maximum standard savings suspension duration from 5 years to 1 year (in 2019) contributed to a structural decline in long-term passive suspensions. Pausing employee contributions generally pauses compulsory employer matching contributions unless agreed otherwise.","methodology":"Published by Inland Revenue tracking active savings suspensions at period end.","update_frequency":"Monthly / Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-savings-suspensions/","summary_text":"In September 2026, Inland Revenue recorded 83,936 KiwiSaver members on an active savings suspension (comprising 82,794 ordinary suspensions and 1,142 financial hardship suspensions)\u2014down an HLF-calculated 34.1% over 10 years from 127,360 in June 2016 following the reduction of the maximum standard suspension term from 5 years to 1 year.","citation":"HLF Pulse, Home Loan Factory. \"KiwiSaver members on active savings suspensions (10-year trend),\" September 2026. Derived by HLF from Inland Revenue \u2014 KiwiSaver Savings Suspension Statistics. https://pulse-data.homeloanfactory.co.nz/kiwisaver-savings-suspensions/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many New Zealanders are on a KiwiSaver savings suspension?","What happens to employer contributions when you pause KiwiSaver?"],"citation_chain":{"official_source":"Inland Revenue \u2014 KiwiSaver Savings Suspension Statistics","official_source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/contributions/savings-suspensions","source_series_ids":"IRD Monthly & Annual Active Savings Suspensions","hlf_transformation":"10Y Change: (83,936 \u2212 127,360) \u00f7 127,360 = -34.1% | Ordinary share: 82,794 \u00f7 83,936 = 98.6%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-savings-suspensions/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"KiwiSaver vs Loan Payoff Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/kiwisaver-vs-loan-payoff-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"kiwisaver-active-switchers":{"chip":"Inland Revenue","as_of":"2026-06-30","max_age_days":420,"html":"Over the year ended 30 June 2026, Inland Revenue recorded <strong>198,897</strong> KiwiSaver inter-scheme transfers (up from 140,557 in FY2016, and up an HLF-calculated <strong>+41.5% over 10 years</strong> from 140,557 in FY2016)\u2014an HLF-derived mean of <strong>16,575</strong> provider switches per month.","official_data_summary":"Inland Revenue KiwiSaver Scheme Transfers (Year ended 30 June 2026): 198,897 inter-scheme transfers (vs 140,557 in FY2016 and 140,557 in FY2016).","source_html":"Source: <a href=\"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/schemes/transfer\" target=\"_blank\" rel=\"noopener\">Inland Revenue \u2014 KiwiSaver Scheme Transfer Statistics</a> (CC BY 4.0). Derived by HLF (CC BY 4.0).","latest_period":"Year ended June 2026","value":198897,"latest_value":"198,897 transfers/yr (16,575/month)","previous_period":"FY2016: 140,557 | FY2016: 140,557","change":"+58,340 YoY | +41.5% (+58,340) over 10 yrs","calculation_live":"Monthly mean: 198,897 \u00f7 12 = 16,575/mth | 10Y growth: (198,897 \u2212 140,557) \u00f7 140,557 = +41.5%","historical_data_from":"Inland Revenue 10-year June FY series (FY2016\u2013FY2026)","history":[{"period":"FY2026","label":"Year ended June 2026","value":198897,"formatted":"198,897 transfers (16,575/mth)"},{"period":"FY2016","label":"Year ended June 2016","value":140557,"formatted":"140,557 transfers (11,713/mth)"},{"period":"FY2021","label":"Year ended June 2021","value":159410,"formatted":"159,410 transfers (13,284/mth)"},{"period":"FY2016","label":"Year ended June 2016","value":140557,"formatted":"140,557 transfers (11,713/mth)"}],"source_published":"Annual Inland Revenue KiwiSaver scheme transfer release (published post-30 June FY)","ticker":"kiwisaver-switches","name":"Annual, monthly & 10-year KiwiSaver scheme transfers (members switching providers)","also_known_as":"KiwiSaver provider switching / KiwiSaver scheme transfers / KiwiSaver member transfers","category":"KiwiSaver","topic":"KiwiSaver scheme transfers","source":"Inland Revenue","source_full":"Inland Revenue \u2014 KiwiSaver Scheme Transfer Statistics","source_series_ids":"IRD Annual KiwiSaver Scheme Transfers (10-Year Series)","source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/schemes/transfer","period":"2026-06","observation_period":"Year ended June 2026","observed_period":"2026-06","period_end":"2026-06-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"transfers","data_type":"Officially reported IRD annual totals & HLF-derived monthly average and 10-year change","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The officially reported annual number of New Zealand KiwiSaver members who transferred their balance to a different KiwiSaver scheme provider over the June financial year, plus the HLF-derived monthly mean and 10-year trend.","calculation":"Monthly mean: 198,897 \u00f7 12 = 16,575/mth | 10Y growth: (198,897 \u2212 140,557) \u00f7 140,557 = +41.5%","formula":"Monthly Mean = Annual Scheme Transfers \u00f7 12 months; 10-Year Change = (Latest FY \u2212 FY 10 Years Ago) \u00f7 FY 10 Years Ago","hlf_interpretation":"HLF market context: Measures inter-scheme transfers where members move their KiwiSaver balance to a new provider (internal fund-type changes within the same scheme are not counted in IRD's transfer total).","methodology":"Compiled by Inland Revenue from KiwiSaver scheme transfers processed during the year ended 30 June.","update_frequency":"Annual","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-switches/","summary_text":"Over the year ended 30 June 2026, Inland Revenue recorded 198,897 KiwiSaver inter-scheme transfers (up from 140,557 in FY2016, and up an HLF-calculated +41.5% over 10 years from 140,557 in FY2016)\u2014an HLF-derived mean of 16,575 provider switches per month.","citation":"HLF Pulse, Home Loan Factory. \"Annual, monthly & 10-year KiwiSaver scheme transfers (members switching providers),\" Year ended June 2026. Derived by HLF from Inland Revenue \u2014 KiwiSaver Scheme Transfer Statistics. https://pulse-data.homeloanfactory.co.nz/kiwisaver-switches/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["How many New Zealanders switch KiwiSaver providers each year?","How has KiwiSaver provider switching changed over the last 10 years?"],"citation_chain":{"official_source":"Inland Revenue \u2014 KiwiSaver Scheme Transfer Statistics","official_source_url":"https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/schemes/transfer","source_series_ids":"IRD Annual KiwiSaver Scheme Transfers (10-Year Series)","hlf_transformation":"Monthly mean: 198,897 \u00f7 12 = 16,575/mth | 10Y growth: (198,897 \u2212 140,557) \u00f7 140,557 = +41.5%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/kiwisaver-switches/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"KiwiSaver vs Loan Payoff Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/kiwisaver-vs-loan-payoff-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"},"investor-vs-owner-io":{"chip":"RBNZ C32","as_of":"2026-09-30","source_published":"2026-10-27 (27 October 2026)","max_age_days":85,"html":"In September 2026, an HLF-derived <strong>31.5%</strong> of new residential investor mortgage lending was set up on <strong>interest-only</strong> terms (including revolving credit), compared with <strong>13.7%</strong> for owner-occupiers in RBNZ Table C32.","official_data_summary":"RBNZ Table C32 (September 2026): New investor interest-only = $420m of $1,335m; New owner-occupier interest-only = $828m of $6,064m.","source_html":"Source: <a href=\"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-and-existing-residential-mortgage-lending-by-payment-type\" target=\"_blank\" rel=\"noopener\">RBNZ Table C32</a>, Reserve Bank of New Zealand. Derived figures licensed by HLF under CC BY 4.0.","latest_period":"September 2026","value":31.46,"latest_value":"31.5% investor IO vs 13.7% owner-occupier IO","previous_period":"September 2025 (35.9% investor IO)","change":"-4.4 percentage points YoY (investor IO)","calculation_live":"Investors: $420m \u00f7 $1,335m = 31.5% | Owner-Occupiers: $828m \u00f7 $6,064m = 13.7%","historical_data_from":"Available from July 2015 (135 monthly observations)","history":[{"period":"2026-09","label":"Sep 2026","value":31.46,"formatted":"31.5% (investor IO)"},{"period":"2026-08","label":"Aug 2026","value":32.62,"formatted":"32.6% (investor IO)"},{"period":"2026-07","label":"Jul 2026","value":29.64,"formatted":"29.6% (investor IO)"},{"period":"2026-06","label":"Jun 2026","value":27.9,"formatted":"27.9% (investor IO)"},{"period":"2026-05","label":"May 2026","value":27.91,"formatted":"27.9% (investor IO)"},{"period":"2026-04","label":"Apr 2026","value":29.4,"formatted":"29.4% (investor IO)"},{"period":"2026-03","label":"Mar 2026","value":28.39,"formatted":"28.4% (investor IO)"},{"period":"2026-02","label":"Feb 2026","value":30.6,"formatted":"30.6% (investor IO)"},{"period":"2026-01","label":"Jan 2026","value":24.9,"formatted":"24.9% (investor IO)"},{"period":"2025-12","label":"Dec 2025","value":32.03,"formatted":"32.0% (investor IO)"},{"period":"2025-11","label":"Nov 2025","value":35.28,"formatted":"35.3% (investor IO)"},{"period":"2025-10","label":"Oct 2025","value":34.09,"formatted":"34.1% (investor IO)"},{"period":"2025-09","label":"Sep 2025","value":35.85,"formatted":"35.9% (investor IO)"}],"ticker":"interest-only","name":"Interest-only share of new investor vs owner-occupier mortgages","also_known_as":"Investor vs owner-occupier interest-only mortgage share / Payment-type split","category":"Mortgage lending & rates","topic":"Loan structure & interest-only","source":"RBNZ C32","source_full":"Reserve Bank of New Zealand Table C32","source_series_ids":"LVRN.MMB1.AN, LVRN.MMB1.AC","source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-and-existing-residential-mortgage-lending-by-payment-type","period":"2026-09","observation_period":"September 2026","observed_period":"2026-09","period_end":"2026-09-30","last_checked":"2026-11-10","data_status":"verified","source_status":"current","unit":"percent","data_type":"HLF-derived share (from RBNZ C32 payment-type series)","derived_by_hlf":true,"hlf_derived_label":"Yes","definition":"The HLF-derived percentage of new residential investor lending versus new owner-occupier lending set up on interest-only terms (including revolving credit facilities) in RBNZ Table C32.","calculation":"Investors: $420m \u00f7 $1,335m = 31.5% | Owner-Occupiers: $828m \u00f7 $6,064m = 13.7%","formula":"(New Investor Interest-Only NZDm \u00f7 Total New Investor NZDm) \u00d7 100","hlf_interpretation":"HLF market context: Shows the difference in interest-only usage between residential investment loans and owner-occupied home loans, subject to lender interest-only term limits.","methodology":"Derived from RBNZ Table C32 (New and existing residential mortgage lending by payment type; dollar series rounded to $1m).","update_frequency":"Monthly","last_verified":"2026-11-10","last_verified_human":"10 November 2026","status":"Verified","canonical_url":"https://pulse-data.homeloanfactory.co.nz/interest-only/","summary_text":"In September 2026, an HLF-derived 31.5% of new residential investor mortgage lending was set up on interest-only terms (including revolving credit), compared with 13.7% for owner-occupiers in RBNZ Table C32.","citation":"HLF Pulse, Home Loan Factory. \"Interest-only share of new investor vs owner-occupier mortgages,\" September 2026. Derived by HLF from Reserve Bank of New Zealand Table C32. https://pulse-data.homeloanfactory.co.nz/interest-only/ (checked 10 November 2026). CC BY 4.0.","license":"https://creativecommons.org/licenses/by/4.0/","license_label":"CC BY 4.0","related_questions":["What percentage of NZ property investors use interest-only mortgages?","How common are interest-only home loans for owner-occupiers vs investors?"],"citation_chain":{"official_source":"Reserve Bank of New Zealand Table C32","official_source_url":"https://www.rbnz.govt.nz/statistics/series/lending-and-monetary/new-and-existing-residential-mortgage-lending-by-payment-type","source_series_ids":"LVRN.MMB1.AN, LVRN.MMB1.AC","hlf_transformation":"Investors: $420m \u00f7 $1,335m = 31.5% | Owner-Occupiers: $828m \u00f7 $6,064m = 13.7%","pulse_record_url":"https://pulse-data.homeloanfactory.co.nz/interest-only/","pulse_json_url":"https://pulse-data.homeloanfactory.co.nz/pulse.json","hlf_tool_title":"Investment Property Cashflow Calculator","hlf_tool_url":"https://www.homeloanfactory.co.nz/tools/investment-property-cashflow-calculator"},"creator_name":"Andy Palliser","creator_alternate_name":"Andrew Jonathan Palliser","creator_fsp":"FSP1004725","creator_url":"https://www.homeloanfactory.co.nz/team/andrew-palliser","publisher":"HLF (Home Loan Factory)","publisher_legal_name":"HLF Financial Limited (FSP1008571)","publisher_url":"https://www.homeloanfactory.co.nz/","date_created":"2026-09-01","date_modified":"2026-11-10"}}}