The first home buyers (FHBs) are continuing to make their presence strongly felt in the mortgage market - even as overall levels of mortgage advances still languish in the wake of the buying frenzy in 2020-21. Latest mortgage lending by borrower type figures for October from the Reserve Bank (RBNZ) show that of the $5.588 billion total advanced in the month, some $1.219 billion (21.8% of the total) was to the FHB grouping. That's easily a new record high percentage in a data series that's been published since 2014, beating the previous high of just 20.

https://www.interest.co.nz/personal-finance/118564/rbnz-figures-show-first-home-buyers-had-their-biggest-share-mortgage-money

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