What is also positive to see is the continued strong growth in APT searches on Google in NZ. These have ramped up since September last year, and have not had a post Christmas lull (as AUS has). This growth if aligned with purchasing, would have seen repayments starting to grow at the end of Q2, however more would be due in Q3.
APT was quiet on NZ in the HY results, perhaps we'll see them provide an update at the end of April at the next quarterly update in line with the increased earnings from this market.