Investors’ mortgage lending share up

Investors appear to have adjusted to the Auckland-investor focused LVRs introduced by the Reserve Bank last November.

The Reserve Bank’s latest residential mortgage lending statistics show that investors have shrugged off any lingering wariness and are a dominant force in the market.

Their share of the new lending total increased in April.

Total new bank lending in April was $6,504 billion. This was down on March’s record high of $6,572 billion.