The average first home buyer is getting older.  

A Cotality-Westpac report has found the average age of first home buyers has increased to 36 nationwide.  

It's 37 in Auckland, 36 in Wellington, and 35 in Christchurch – all figures are two or three years higher than average in 2019. 

Cotality Chief Property Economist Kelvin Davidson told Mike Hosking there’s a range of reasons behind it. 

He says the affordability measures aren’t much different than they were in 2019, so while affordability is an influence, lifestyle and career choices are definitely having an impact. 

LISTEN ABOVE 

The average first home buyer is getting older. &nbsp;
A Cotality-Westpac report has found the average age of first home buyers has increased to 36 nationwide. &nbsp;
It's 37 in Auckland, 36 in Wellington, and 35 in Christchurch – all figures are two or three years higher than average in 2019.&nbsp;
Cotality Chief Property Economist Kelvin Davidson told Mike Hosking there’s a range of reasons behind it.&nbsp;
He says the affordability measures aren’t much different than they were in 2019, so while affordability is an influence, lifestyle and career choices are definitely having an impact.&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,...

The Mike Hosking Breakfast

Kelvin Davidson: Cotality Chief Property Economist on the average age of first home buyers rising

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1c6e35ac-0e49-41f7-b9fa-b2ec01544817/transcript

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