First home buyers are still enjoying market conditions

First home buyers (FHBs) are thriving in the current property market, achieving a record 27% market share. This trend is supported by expected Official Cash Rate cuts, which will likely lead to lower mortgage rates.

Key advantages for FHBs include:

- Using KiwiSaver for deposits

- Flexibility on property type and location

- Less competition from investors

- Access to low-deposit lending

This "window of opportunity" is expected to remain open, presenting a favourable time for many to purchase their first home.