A record surge of first-home buyers hits the market as prices come down.

First-home buyers now account for 27% of the market share according to new data from CoreLogic.

The Wellington region has the strongest market share, with one third of the market taken up by first home buyers.

Independent economist Tony Alexander told Mike Hosking that conditions have been in their favour.

He says average house prices fell about 18% from late 2021 to earlier on this year.

LISTEN ABOVE

A record surge of first-home buyers hits the market as prices come down. 
First-home buyers now account for 27% of the market share according to new data from CoreLogic. 
The Wellington region has the strongest market share, with one third of the market taken up by first home buyers. 
Independent economist Tony Alexander told Mike Hosking that conditions have been in their favour. 
He says average house prices fell about 18% from late 2021 to earlier on this year. 
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,...