First-home buyers flocking to Wellington; 43% increase in Westpac mortgages

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


Press Release – Westpac
New figures from Westpac NZ show a surge of activity from first home buyers in the regions. In the year ending September 30, the number of mortgages issued by the bank to first home buyers rose 12% across New Zealand to 5553.

In Wellington, Westpac mortgages issued to first home buyers rose 43% year on year.

“These figures show buyers are flocking to Wellington,” says Westpac NZ Chief Executive David McLean.

“It’s a different story in Auckland, where entering the market is still a challenge for many people. Having said that……..

Continue reading this article at the original source from Scoop Wellington





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