The property market has become quieter in 2026, but one group is continuing to make steady progress – first home buyers.
According to Cotality, the number of properties sold fell for a fifth consecutive month in May. Across the first five months of the year, sales activity was down 4.7% compared to the same period in 2025.
Despite that slowdown, first home buyers increased their share of purchases. They accounted for 27.7% of all sales in the first five months of 2026, up from 25.8% a year earlier, and were the only major buyer group to increase their purchasing activity.
Why first home buyers are staying active
Cotality Chief Property Economist Kelvin Davidson said several factors were working in first home buyers’ favour.
“Lower property values than a few years ago, plenty of property to choose from, access to KiwiSaver and the availability of low-deposit lending have all combined to help keep first home buyers active and give them confidence to get into the market,” he said.
While affordability remains a challenge, today’s market offers opportunities that weren’t available when prices were rising rapidly and buyers faced intense competition.
Five tips for aspiring buyers
If you’re hoping to buy your first home this year, it may help to:
- Review your KiwiSaver balance and understand how you can use it towards your purchase.
- Find out whether you qualify for a low-deposit home loan.
- Obtain mortgage pre-approval before you start your property search.
- Set a realistic budget that allows for ongoing ownership costs, not just the purchase price.
- Be patient and compare several properties before making an offer.
Buying your first home is one of the biggest financial decisions you’ll ever make. While market conditions are important, choosing the right property and the right loan structure can have an even greater impact on your long-term financial wellbeing.
Buying your first home is a big milestone, and the right finance can make all the difference. Contact us to discuss your borrowing options and take the next step with confidence.
