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 taking advantage of current market conditions, reaching a record high market share of over 28% in Q2. This nationwide trend is driven by property values being 18% below their peak and high stock levels providing more choice.
According to Kelvin Davidson of Cotality, buyers are successfully using:
- KiwiSaver withdrawals for deposits
- Low-deposit lending allowances from banks
These factors are creating a significant opportunity for more Kiwis to purchase their own home.
A winning streak from the Winterless North to the Deep South
How are they doing it?
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