The December 2022 total was $2.81 billion (35.4%) lower than the figure reported in December 2021 and some $4.531 billion (46.9%) lower than the mammoth $9.652 billion in December 2020 – which is the second biggest month on record, beaten only by the nearly $10.5 billion advanced in the heady days of March 2021.

Previous years:		Monthly:
	Dec 2020	Dec 2021	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022
Total lending ($million)
All borrower types	9,652	7,931	5,413	5,135	5,582	6,055	5,121
First home buyers	1,686	1,562	1,124	1,064	1,219	1,357	1,110
Other owner-occupiers	5,452	4,978	3,320	3,207	3,379	3,656	3,020
Investors	2,436	1,310	905	809	904	957	913
Business purposes	78	81	63	55	80	84	78
Higher than 80% LVR lending ($million)
All borrower types	887	667	439	463	501	567	470
First home buyers	640	499	340	349	381	440	369
Other owner-occupiers	236	165	95	107	110	121	95
Investors	9	4	3	7	8	6	7
Business purposes	2	0	1	0	2	1	0
Less than or equal to 80% LVR lending ($million)
All borrower types	8,765	7,263	4,973	4,672	5,081	5,488	4,650
First home buyers	1,046	1,063	784	715	838	918	741
Other owner-occupiers	5,217	4,813	3,225	3,100	3,269	3,536	2,926
Investors	2,428	1,306	902	802	896	951	906
Business purposes	75	81	62	55	79	83	78
MEMO ITEM: Lending to investors ($million)
Total lending	2,436	1,310	905	809	904	957	913
Higher than 70% LVR lending	820	156	146	116	170	157	168
Less than or equal to 70% LVR lending	1,617	1,154	760	693	733	800	744
Higher than 60% LVR lending	1,584	437	320	280	326	339	332
Less than or equal to 60% LVR lending	852	873	585	529	578	618	580

SOURCE: RBNZ