Feature article
First home buyers hit a record high
With values down 18% from the peak and high stock levels, everyday Kiwi are seizing their chance to buy.
AI summary
First home buyers are achieving a record market share, now accounting for 28% of property purchases. According to Cotality economist Kelvin Davidson, this is due to values being down 18% from their peak and high stock levels creating a strong buyer's market nationwide.
Kiwis are successfully securing their first homes by using:
- KiwiSaver withdrawals for deposits
- Low-deposit lending from banks
This favourable climate is helping more New Zealanders get onto the property ladder.
A winning streak from the Winterless North to the Deep South
How are they doing it?
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