A heat pump heating and hot-water system includes a water heating heat exchanger for heating water by heat exchange with a heating medium heated by a heat pump unit, an indoor heating unit, a heating circulation circuit for selectively pumping the heating medium to either of the water heating heat exchanger and the indoor heating unit using a heating medium pump, and a hot-water accumulating circuit that sends water in a hot-water storage tank to the water heating heat exchanger and returns water having passed through the water heating heat exchanger to the hot-water storage tank using a water pump. The volumetric flow rate of the heating medium pumped to the water heating heat exchanger by the heating medium pump is higher than or equal to the volumetric flow rate of the water pumped to the water heating heat exchanger by the water pump.