According to a survey conducted among mortgage holders in New Zealand in July 2024, around 59 percent of mortgage holders had mortgage repayments greater than 30 percent of their household income. Borrowers with mortgage repayments that are 30 percent or greater than household income are considered at risk of mortgage repayment stress. Nonetheless, some borrowers may actively choose to pay a certain proportion of their income toward their mortgage to pay off loans faster.
Share of household income spent on mortgage repayments in New Zealand as of July 2024
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Share of household income spent on mortgage repayments in New Zealand as of July 2024
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Finance and Mortgage Advisors Association New Zealand. (October 14, 2024). Share of household income spent on mortgage repayments in New Zealand as of July 2024 [Graph]. In Statista. Retrieved April 04, 2025, from https://www.statista.com/statistics/1552914/new-zealand-household-income-share-spent-on-mortgage-repayments/
Finance and Mortgage Advisors Association New Zealand. "Share of household income spent on mortgage repayments in New Zealand as of July 2024." Chart. October 14, 2024. Statista. Accessed April 04, 2025. https://www.statista.com/statistics/1552914/new-zealand-household-income-share-spent-on-mortgage-repayments/
Finance and Mortgage Advisors Association New Zealand. (2024). Share of household income spent on mortgage repayments in New Zealand as of July 2024. Statista. Statista Inc.. Accessed: April 04, 2025. https://www.statista.com/statistics/1552914/new-zealand-household-income-share-spent-on-mortgage-repayments/
Finance and Mortgage Advisors Association New Zealand. "Share of Household Income Spent on Mortgage Repayments in New Zealand as of July 2024." Statista, Statista Inc., 14 Oct 2024, https://www.statista.com/statistics/1552914/new-zealand-household-income-share-spent-on-mortgage-repayments/
Finance and Mortgage Advisors Association New Zealand, Share of household income spent on mortgage repayments in New Zealand as of July 2024 Statista, https://www.statista.com/statistics/1552914/new-zealand-household-income-share-spent-on-mortgage-repayments/ (last visited April 04, 2025)
Share of household income spent on mortgage repayments in New Zealand as of July 2024 [Graph], Finance and Mortgage Advisors Association New Zealand, October 14, 2024. [Online]. Available: https://www.statista.com/statistics/1552914/new-zealand-household-income-share-spent-on-mortgage-repayments/
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