News
Rules drive buyers away
Wednesday 2nd of April 2014
Property consultant Matthew Gilligan said there had been a "mini crash" in South Auckland, and other cheaper areas would also be affected.
CoreLogic statistics show first-home buyers have dropped out of many parts of Auckland where they used to dominate.
In Massey, West Auckland, the proportion of first-time buyers has dropped from 39 per cent to 29 over the past few months, and Glendene from 33 per cent to 15.
In South Auckland, Mangere's proportion of first-time buyers dropped from 35 per cent to 14.
Want to read the full article?
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.