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.
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