First home buyers aren't taking their eyes off the housing market.

The Real Estate Institute of New Zealand's latest survey shows first home buyers remain much more interested in making a purchase than investors.

It comes as agents report a new downward pressure on average sales prices.

Chief executive Jen Baird told Tim Dower there's been a noticeable drop in investors in the market.

She says first home buyers are seeing this as their chance to step on to the property ladder.

LISTEN ABOVE

First home buyers aren't taking their eyes off the housing market.
The Real Estate Institute of New Zealand's latest survey shows first home buyers remain much more interested in making a purchase than investors.
It comes as agents report a new downward pressure on average sales prices.
Chief executive Jen Baird told Tim Dower there's been a noticeable drop in investors in the market.
She says first home buyers are seeing this as their chance to step on to the property ladder.
LISTEN ABOVE

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.