First-home buyers appear to be making the most of the ongoing housing downturn. 

New Zealand's close to its longest downturn in prices in modern history – nearing five years. 

Auckland house prices are 22% below their peak, while Wellington's down 28%. 

Opes Partners economist Ed McKnight told Heather du Plessis-Allan it's playing in some buyers' favour. 

He says we've got the highest share of homes being bought by first-home buyers since records began in 2005. 

LISTEN ABOVE 

First-home buyers appear to be making the most of the ongoing housing downturn.&nbsp;
New Zealand's close to its longest downturn in prices in modern history – nearing five years.&nbsp;
Auckland house prices are 22% below their peak, while Wellington's down 28%.&nbsp;
Opes Partners economist Ed McKnight told Heather du Plessis-Allan it's playing in some buyers' favour.&nbsp;
He says we've got the highest share of homes being bought by first-home buyers since records began in 2005.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Ed McKnight: Opes Partners Resident Economist on housing prices nearing their longest downturn in modern history

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6ac1bf64-5f6a-4004-a276-b465015cb0b1/transcript