the podcast on
A notable shift in the housing market as first home buyers have the highest share of purchases in two decades.
The Cotality Monthly Housing Chart shows first home buyers account for 27% of market activity in July, a 5% jump on the long-term average.
It also finds existing homeowners trading up or down, remain at historically low levels.
Head of Squirrel Mortgages' David Cunningham told Ryan Bridge there's less pressure on buyers to instantly throw an offer on a home.
He says interest rates have gone down, KiwiSaver balances are higher, and there's less competition.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeartRadio app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeartRadio is easy to use and all FREE
