Buying guide
Another good year for first home buyers ahead?
CoreLogic data shows that first home buyers accounted for a record high 26% of property purchases across NZ in 2023.
AI summary
First home buyers (FHBs) had a strong 2023, achieving a record 26% market share according to CoreLogic. This success was driven by using KiwiSaver for deposits, accessing low-deposit lending, and facing less competition from investors.
Looking ahead, 2024 is also expected to be a good year for FHBs. While investor competition may rise, buyers will benefit from an increased allowance for low-deposit loans and potential mortgage rate drops, making it another promising year for entering the market.
So, what have those successful First Home Buyers been doing, and what might happen in the year ahead?
New build, lower deposit?
But now, let’s think about the year ahead, how might things look for First Home Buyers?
Author
Discover More
The letter that helped this couple buy on the street where she grew up
A letter to the sellers helped Hannah and Jamie buy a four-bedroom Tawa home on the street where Hannah grew up.
Tawa’s village vibe keeps Wellington families coming back
Great schools, a strong community and more house for your money: why Wellington families put down roots in Tawa.
Search
Other articles you might like
