Record home lending in September
Mortgage lending hit $7.3 billion in September, the highest value on record, according to the latest Reserve Bank data, as the market continues to defy expectations.
RBNZ data released this afternoon show total home lending topped $7.3 billion, the highest number on record, going back to 2014.
Last month was the first time lending topped $7 billion since May 2016, and dwarfs the $5.5 billion borrowed in September last year.
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