A notable shift in the housing market as first home buyers have the highest share of purchases in two decades. 

The Cotality Monthly Housing Chart shows first home buyers account for 27% of market activity in July, a 5% jump on the long-term average. 

It also finds existing homeowners trading up or down, remain at historically low levels. 

Head of Squirrel Mortgages' David Cunningham told Ryan Bridge there's less pressure on buyers to instantly throw an offer on a home. 

He says interest rates have gone down, KiwiSaver balances are higher, and there's less competition. 

LISTEN ABOVE 

A notable shift in the housing market as first home buyers have the highest share of purchases in two decades.&nbsp;
The Cotality Monthly Housing Chart shows first home buyers account for 27% of market activity in July, a 5% jump on the long-term average.&nbsp;
It also finds existing homeowners trading up or down, remain at historically low levels.&nbsp;
Head of Squirrel Mortgages' David Cunningham told Ryan Bridge there's less pressure on buyers to instantly throw an offer on a home.&nbsp;
He says interest rates have gone down, KiwiSaver balances are higher, and there's less competition.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

David Cunningham: Squirrel Mortgages CEO on first home buyers dominating the market

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/71a58899-4af6-467c-bb2a-b340017c33da/transcript