A good time to be a first home buyer

Radio NZ reports:

2026 is a “Goldilocks” year for first-home buyers, with lower interest rates, lots of houses to choose from and banks willing to lend to people with small deposits, market commentators say.

Property data firm Cotality (formerly known as Corelogic) has released data showing first-home buyers have reached a new record market share, responsible for 28.4 percent of all real estate transactions in the December quarter of last year.

That’s great news. I want as many people owning a home as possible.

Just four years ago the Herald was reporting:

A combination of record house prices and the limited further potential for growth makes this year the worst for first-home buyers since 1957, new research by economics consultancy Infometrics has found.

Falling house prices and falling mortgage rates have made a real difference.

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