Kelvin Davidson: Chief Property Economist on first home buyers paying an average $900k in Auckland
Early Edition with Ryan Bridge · Newstalk ZB
November 8, 20213m 28s
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Show Notes
First home buyers' 26.4 percent market share is the highest on record.
CoreLogic figures show the group's share over the third quarter of 2021 was well above the long-term average of 21.8 percent.
Chief property economist, Kelvin Davidson told Kate Hawkesby it goes against the perception of first home buyers struggling.
He says people are finding ways in.
“They're using Kiwisaver, the bank of Mum and Dad, and getting in with less than 20 percent deposit as well as looking at different locations, and smaller properties like townhouses.”
LISTEN ABOVE
CoreLogic figures show the group's share over the third quarter of 2021 was well above the long-term average of 21.8 percent.
Chief property economist, Kelvin Davidson told Kate Hawkesby it goes against the perception of first home buyers struggling.
He says people are finding ways in.
“They're using Kiwisaver, the bank of Mum and Dad, and getting in with less than 20 percent deposit as well as looking at different locations, and smaller properties like townhouses.”
LISTEN ABOVE
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