First home buyers hit record highs as national property values dip -0.2%

New Zealand's property market shows a clear divide as national values dipped -0.2% in June. First home buyers (FHBs) are taking advantage, reaching record market share. Many are successfully using KiwiSaver and low-deposit loans to secure their first home.

In contrast, property investors are pausing due to election uncertainty and the risk of potential tax changes like a Capital Gains Tax (CGT). While a recent peace deal may bring modest growth, a major boom remains unlikely.