First home buyers are upping their presence in the property market. 

The latest CoreLogic First Home Buyers Report shows they made up 26% of purchases in the first quarter of 2024, above the long-term average of 21%.

Chief Property Economist Kelvin Davidson says lower prices, opportunities to tap into KiwiSaver funds, and reduced competition from other buyer groups are all contributing factors.

He says they're getting more bang for their buck as a higher share of first home buyer purchases are for houses, as opposed to flats or apartments.

LISTEN ABOVE

First home buyers are upping their presence in the property market.  
The latest CoreLogic First Home Buyers Report shows they made up 26% of purchases in the first quarter of 2024, above the long-term average of 21%. 
Chief Property Economist Kelvin Davidson says lower prices, opportunities to tap into KiwiSaver funds, and reduced competition from other buyer groups are all contributing factors. 
He says they're getting more bang for their buck as a higher share of first home buyer purchases are for houses, as opposed to flats or apartments. 
LISTEN ABOVE

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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,...