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First home buyers are still enjoying market conditions
Further cuts to the official cash rate seem all but certain.
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First home buyers (FHBs) are thriving in the current property market, achieving a record 27% market share. This success is driven by lower house prices, less competition from investors, and a high number of available listings.
FHBs are leveraging KiwiSaver for deposits, compromising on property type, and fully utilising low-deposit lending allowances. With anticipated official cash rate cuts set to lower mortgage rates further, this window of opportunity is expected to remain open for aspiring homeowners.
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