Feature article

What’s going on for each buyer group at present?

First home buyers, relocators and investors.

Kelvin Davidson
Last updated: 13 February 2025 | 5 min read
AI

AI summary

Based on CoreLogic data, 2024 was a record year for First Home Buyers (FHBs), who hit a 26.1% market share by using KiwiSaver and low-deposit lending. In contrast, relocating owner-occupiers and mortgaged investors were less active due to low confidence and high mortgage rates.

For 2025, overall sales are expected to increase as investors and movers return to the market. While the FHB market *share* may dip, their total purchase *volume* is still forecast to grow.

Reflecting on 2024

First Home Buyers

Relocators

Multiple property owners

Looking ahead to 2025

Author

Kelvin Davidson Kelvin Davidson
Chief Property Economist, Cotality