Average new residential mortgage interest rate New Zealand 2016-2023, by term

Published by Statista Research Department, Jan 22, 2024
As of December 2023, the average interest rate for a new standard 1-year residential mortgage in New Zealand was 7.76 percent. In comparison, the average 5-year interest rate for a residential mortgage was at 7.2 percent. Average interest rates for new standard residential mortgages have been on the rise in the country over the past few years.

Average interest rate for new standard residential mortgages in New Zealand from January 2016 to December 2023, by mortgage term

© Statista 2024
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Release date

January 2024

Region

New Zealand

Survey time period

2016 to 2023

Supplementary notes

The reported rates are a simple average of new standard rates offered to new borrowers advertised by registered banks in New Zealand.

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