News

First-home buyers 'shouldn't hold out for dropping prices'

Friday 1st of August 2014

Jonno Ingerson said the proportion of first-home buyers had dropped in Auckland by about 2% or 3% since loan-to-value restrictions were introduced last year.

“First-home buyers were tracking at around 21% of sales, and are now 18 to 19%. This drop is smaller than many expected, and it shows that while some first-home buyers have dropped out of the market, plenty of others are stil...

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