Photo: fantasista/123RF
2025 was the year of the first-home buyer, as flat prices and lower interest rates helped many people into their first homes.
Cotality has released its latest monthly housing data, which shows property values were flat in the November quarter and still 17.4 percent below their peak. The median national value was $806,551.
Sales volumes were down 0.6 percent in the month of November, compared to the same time a year earlier.
First-home buyers were responsible for 28 percent of purchases nationwide in October and November, while investors represented 25 percent.
First-time buyers were 29 percent of Auckland purchases and 39 pe
Continue Reading on RNZ
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.