Mortgage-rate evidence for Nelson–Tasman
Use a dated market benchmark beside local property prices. This is evidence for budgeting—not personalised advice, a live product comparison or an offer of credit.
Floating · Reserve Bank of New Zealand
Published rates
| Measure | Rate | What it is |
|---|---|---|
| Floating | 5.75% | new lending average |
| Six months fixed | 4.64% | new lending average |
| One year fixed | 4.65% | new lending average |
| Two years fixed | 4.98% | new lending average |
Simple averages of weighted-average rates on residential lending actually drawn during the reporting month.
What the benchmark means for repayments
Illustrative monthly capital-and-interest repayments over 25 years, using the first benchmark above. They exclude fees, insurance, taxes and lender-specific pricing.
| Mortgage | Illustrative rate | Monthly repayment |
|---|---|---|
| NZ$100,000 | 5.75% | NZ$629 |
| NZ$250,000 | 5.75% | NZ$1,573 |
| NZ$500,000 | 5.75% | NZ$3,146 |
Rates can change without notice. Eligibility, loan-to-value, deposit, term, fees, credit assessment and property type affect the rate available. Confirm the latest product information with a regulated local lender or adviser. nelsonpropertyfacts.com does not arrange mortgages, recommend a lender or receive payment for inclusion here.