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 (FHBs) are capitalising on a favourable property market, reaching a record 28% market share. With values down ~18% from their peak and high stock levels, buyers have more choice and negotiation power across New Zealand.
According to Cotality economist Kelvin Davidson, this success is driven by:
- Using KiwiSaver withdrawals for deposits
- Increased access to low-deposit lending from banks
These conditions create a significant opportunity for Kiwis looking to enter the property market.
A winning streak from the Winterless North to the Deep South
How are they doing it?
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