ANZ: first time buyers are back

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Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.


 

First time buyers have made a comeback in New Zealand, making up 22% of all home purchases in the three months to December, according to ANZ.

Friday, April 6th 2018, 12:21PM

by Dan Dunkley

ANZ says first time buyers have returned to the market after several subdued years caused by LVR restrictions. First time buyers accounted for just 17% of home purchases in the last three months of 2014, after LVR restrictions were introduced in 2013.

Antonia Watson, managing director for retail & business at ANZ, says there has been drop in property investor activity, but growing confidence among first time buyers. “Interest rates remain low, and buyers that have been around for a while have become frustrated. The time has given them a chance to save up a deposit.”

Watson says first time buyers are challenging property investors in……….

Continue reading this article at the original source from GoodReturns.co.nz

 

 

 

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2018-05-17T17:16:36+00:00