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First-Home Buyers Surge to 26.1% Despite Market Shifts

2/5/2025

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Summary

Story summary

First-home buyers represented 26.1% of property purchases in New Zealand last year.
Corelogic indicates supportive conditions for these buyers through KiwiSaver and low-deposit loans.
The median price for first-home buyers decreased to $698,000 in 2023.
A slight decline in first-home buyer market share is expected in 2024 due to increased investor activity.
The overall market remains balanced, providing opportunities for various buyer groups.

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Story summary

First-home buyers represented 26.1% of property purchases in New Zealand last year.
Corelogic indicates supportive conditions for these buyers through KiwiSaver and low-deposit loans.
The median price for first-home buyers decreased to $698,000 in 2023.
A slight decline in first-home buyer market share is expected in 2024 due to increased investor activity.
The overall market remains balanced, providing opportunities for various buyer groups.