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First home buyers hit record highs as national property values dip -0.2%
While investors are tapping the brakes, first home buyers are accelerating.
AI summary
National property values dipped -0.2% in June, creating a divided market.
First home buyers are at a record high, using KiwiSaver and low-deposit loans to enter the market. Over half are buying with less than a 20% deposit.
Conversely, investors are pausing ahead of the election, concerned about potential tax changes like a Capital Gains Tax. While some positive global news may spur growth, a new housing boom is considered unlikely.
A sluggish June offset by a new peace deal
First home buyers hit record highs with low deposits
Election jitters put investors on pause
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