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Survey shows first home buyers remain more interested in purchasing than investors

Author
Newstalk ZB,
Publish Date
Wed, 7 Dec 2022, 8:20AM
Photo / Getty Images
Photo / Getty Images

Survey shows first home buyers remain more interested in purchasing than investors

Author
Newstalk ZB,
Publish Date
Wed, 7 Dec 2022, 8:20AM

First home buyers aren't taking their eyes off the housing market.

The Real Estate Institute of New Zealand's latest survey shows first home buyers remain much more interested in making a purchase than investors.

It comes as agents report a new downward pressure on average sales prices.

Chief executive Jen Baird told Tim Dower there's been a noticeable drop in investors in the market.

She says first home buyers are seeing this as their chance to step on to the property ladder.

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