Good News For First Home Buyers

Average residential property prices have remained flat to falling in most suburbs, with prices in September down .8% on the same time last year.

This period of relatively soft value growth, coupled with continued incremental wage and salary growth, has seen housing affordability ratios in the city continue to improve. According to recent industry statistics, first home buyers are the most active they have been in a decade so it appears there is some momentum for new buyers to enter the market.

If you are considering buying your first home and would like some advice on what the market is doing locally, interest rates, lending criteria, or how to access your KiwiSaver and HomeStart Grants, please don’t hesitate to come in for a chat or book a free consultation online today.