Westpac New Zealand Economic and Sustainability Strategy Update
WNZL mortgage portfolio
Total portfolio
Mortgage portfolio at 31 March 2021
Fixed/Floating (%)
$58bn
Mortgage portfolio LVR¹ (%) of portfolio
93% of portfolio less than 80% LVR
47%
86/14
Owner occupied (%)
71.9
Investor (%)
23%
23%
5%
2%
0-60% 60.1 - 70% 70.1 - 80% 80.1 - 90% 90.1% +
28.1
Monthly new flows² (%)
Broker introduced (%)
45.1
■Owner occupied
■Investor
0.25
0.20
Interest-only (%)
21.6
40
45
45
39
42
46
46
0.15
0.10
Origination LVR 80-90% (%)
8.7
60
60
55
199
61
58
54
0.05
54
0.00
Origination LVR >90%
2.5
Mar-19
Sep-19
Mar-20
Sep-20
Mar-21
1.00%
0.80%
0.60%
0.40%
0.20%
0.00%
Mar-16
Mortgage 90+ day delinquencies (%)
Sep-16-
Mar-17
Sep-17
Mar-18
Sep-18
0.33%
Mar-19
Sep-19
Mar-20
Sep-20
Mar-21
Mortgage loss rates each half (%)
1 LVR based on current loan property value at latest credit event.
2 Investor lending provided for the purchase of, and/or secured by, residential investment property. Residential investment property is property that is not owner-occupied or for the owners exclusive use (such as a holiday house). Owner occupied includes all other residentially
secured lending not classified as Investor lending.
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