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First home buyers hit record highs as national property values dip -0.2%
While investors are tapping the brakes, first home buyers are accelerating.
AI summary
National property values dipped -0.2% in June, creating a divided market. First home buyers (FHBs) are seizing the opportunity, reaching record market share with support from KiwiSaver and low-deposit bank lending.
In contrast, investors are pausing ahead of the election, concerned about potential tax changes like a Capital Gains Tax (CGT). While a recent US-Iran peace deal may boost confidence, Cotality economists suggest a major housing boom remains unlikely due to stable unemployment.
A sluggish June offset by a new peace deal
First home buyers hit record highs with low deposits
Election jitters put investors on pause
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