PHOTO: New Zealand’s housing market continued to run hot in February with Kiwis snapping up real estate
On Wednesday afternoon the Reserve Bank released the mortgage lending figures for February 2021, showing Kiwi homeowners borrowed a staggering $7.6 billion – up 36.2 percent (more than $2 billion) compared to the same time last year
February was the sixth month in a row the annual change has been at least $1.6 billion, CoreLogic reported.
Both owner-occupiers and investors saw solid annual growth, with investors borrowing $1.8b (up 63.5 percent year-on-year) and owner-occupiers, not including first home buyers, borrowing $4.5 billion (30.8 percent increase).
First-home buyers only borrowed $1.182 billion in February.
READ MORE VIA NEWSHUB
MOST POPULAR
Labour’s housing package naive at best, plain dumb at worst
Government removes blanket family home exemption for extended bright-line test
Couple reveal ‘light bulb’ moment that helped them net $1m a year in rents and retire in their 20s
Unintended Consequences Of Today’s Housing Announcements
What kinds of homes qualify under the new First Home Loan and First Home Grant spending caps?
Wallaby great George Gregan’s cafe and restaurant business collapses
Abandoned land for sale
New map shows New Zealand suburbs with fastest rising house prices
NZ government takes bold action to curb soaring house prices
New Realtors Pile Into Hot Housing Market. Most Find It Tough Going