Kiwi First Time Buyers Getting A [Brief?] Look-In?

Digital Finance Analytics (DFA) Blog

Sep 03 2023 | 00:06:23

00:00 / 00:06:23

Show Notes

New Zealand’s house price slump has given first-time homebuyers a welcomed leg up in their quest to purchase a property, but it may be a short-lived opportunity. For a certain segment of the nation’s would-be homeowners — those armed with sizable deposits and solid incomes — 2023 has been a heartening year, with first-time buyers grabbing a record 26% share of the market in the third quarter, according to CoreLogic New Zealand. While an 18% fall in house prices between November 2021 and May this year made homeownership more obtainable, also working in their favor has been strong wage growth, […]

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