First-home buyers are still dominating the market. 

The latest Cotality Westpac First Home Buyer Report finds they made up almost 30% of property purchases in the third quarter of this year. 

It shows lower house prices and mortgage rates are helping, with many tapping into KiwiSaver. 

Cotality Chief Property Economist Kelvin Davidson told Ryan Bridge it varies, but on average homeowners are spending hundreds of dollars less on their mortgages than a few years ago. 

He says the huge savings there and the lower house prices are a big plus for first time buyers. 

LISTEN ABOVE 

First-home buyers are still dominating the market.&nbsp;
The latest Cotality Westpac First Home Buyer Report finds they made up almost 30% of property purchases in the third quarter of this year.&nbsp;
It shows lower house prices and mortgage rates are helping, with many tapping into KiwiSaver.&nbsp;
Cotality Chief Property Economist Kelvin Davidson told Ryan Bridge it varies, but on average homeowners are spending hundreds of dollars less on their mortgages than a few years ago.&nbsp;
He says the huge savings there and the lower house prices are a big plus for first time buyers.&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

Kelvin Davidson: Cotality Chief Property Economist on first home buyers making up 30% of purchases in the third quarter

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9e72e67e-4841-48f9-a039-b4f201760d76/transcript