Home lending is on the rise – up 17.5% in the six months to December. 

The Banking Association's latest report also shows almost a quarter of new loans going to first home buyers. 

Chief Executive Roger Beaumont says it's encouraging, because a few years ago they were thought to be locked out of the property market.  

He told Mike Hosking that there’s been a relatively flat housing market, combined with a significant reduction in interest rates.  

Beaumont says that in 2023, those on a twelve-month mortgage were paying over 7%, but today they’re paying under 5%.  

LISTEN ABOVE 

Home lending is on the rise – up 17.5% in the six months to December.&nbsp;
The Banking Association's latest report also shows almost a quarter of new loans going to first home buyers.&nbsp;
Chief Executive Roger Beaumont says it's encouraging, because a few years ago they were thought to be locked out of the property market. &nbsp;
He told Mike Hosking that there’s been a relatively flat housing market, combined with a significant reduction in interest rates. &nbsp;
Beaumont says that in 2023, those on a twelve-month mortgage were paying over 7%, but today they’re paying under 5%. &nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Roger Beaumont: Banking Association CEO on the rise in home loans with a quarter of new loans going to first-home buyers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fe3aa983-2cf6-4e46-8a02-b43a015af403/transcript