First home buyers hit a record high

First home buyers are taking advantage of a favourable market, reaching a record high 28% market share. According to Cotality economist Kelvin Davidson, lower property values and high stock levels have created ideal conditions for buyers nationwide.

Many are succeeding by using smart financing strategies, including:

- KiwiSaver withdrawals for deposits

- Low-deposit lending allowances from banks

While challenges remain, this positive trend is helping more Kiwis get onto the property ladder across the country.