New Zealand Property Investors' Federation

The NZPIF is the umbrella body for 17 local Property Investors' Associations throughout New Zealand.

(027) 357 9243

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Bank stats show we're a nation buying houses

New Zealand’s resurgent property market is evident in the latest Reserve Bank statistics, showing the number and value of home loans issued across the country.

The number of home loans approved last week was up 33.6%  on the same week the year before, and the value of approvals was up 49.6%.

Loans issued last week were worth $1148 million, compared to $832 million for the same week in 2011.

But while up substantially on a year-on-year basis, last week’s loan value was down on the $1361 million issued in the week to June 29.