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29 Jun 2022 7:31
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  •   Home > News > Living & Travel

    An unsurprising decline in the number of first-home buyers in the market

    An unsurprising decline in the number of first-home buyers in the market


    CoreLogic's report for the quarter, reveals the number of people buying their first home, fell by three and a half percent on the second half of last year.

    Chief Economist Kelvin Davidson believes the average age of first-home buyers is 35, so there are plenty on the higher side of that.

    He says people getting a mortgage later in the life can run into issues, especially when it comes to retirement.

    Donaldson says there's a lot of pressures of first-home buyers currently, so isn't shocked by the fall.

    © 2022 Newstalk ZB, NZCity

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