New mortgage lending rose 36.2% in February

New mortgage lending rose 36.2% in February
Staff reporters
Further evidence of the heat in the housing market is that mortgage lending in February was up 36.2% at $7.6 billion.Investors increased their share of borrowing, accounting for 24.4% of total lending, up from 20.3% in February last year, although down from 26% in January.First-home buyers accounted for 15.6% of new lending, down from 16.2% in January and down from 16.8% in February last year.Borrowing against houses for business purposes remained marginal, falling to $52 million in February from $58m in February last year.Of the new lending, o...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025