Household income share spent on mortgage repayments New Zealand 2024

Published by Statista Research Department, Feb 12, 2025

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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Source

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Release date

October 2024

Region

New Zealand

Survey time period

July 5 to 11, 2024

Number of respondents

489 respondents

Age group

18 years and older

Special properties

nationally representative sample of New Zealanders; base: those who have taken out a mortgage and have mortgage debt

Supplementary notes

Survey question: Approximately what percentage of your household income are you spending on your mortgage repayments?

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