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7 Jul 2025 15:26
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  •   Home > News > Politics

    Fresh data on the housing market might be a sign the Government's intervention was on the right track

    Fresh data on the housing market might be a sign the Government's intervention was on the right track


    A CoreLogic report reveals first home buyers made up just 21.5 per cent of the market, in the first quarter of the year.

    It's a 3.3 per cent dip from six months ago, and the lowest rate in three years.

    In March, the Government extended the bright-line test and closed tax loopholes for landlords.

    Chief Property Economist Kelvin Davidson says the moves should open up opportunities for first-time buyers.

    He suspects first home buyers' share of the market will improve over the next few quarters - as investors find it harder to make the figures stack up.

    © 2025 Newstalk ZB, NZCity

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