Following the collapse of new lending after the financial crisis, the mortgage market has gradually recovered in recent years. New mortgage drawdowns in the year to September reached € This is the highest level in over a decade, but remains far below the unsustainable rates of credit extension that we saw in the 2000s.
Conclusion The view from Tāne Māhuta is of a garden that continues to grow and evolve. We have to adapt and evolve with it – in terms of our inclusiveness, our commitment to fostering honest, professional and constructive relationships with our stakeholders, in identifying emerging risks like climate change, and working with our international partners.