First home buyers encouraged to take advantage of favourable market

Author
Newstalk ZB,
Publish Date
Wed, 27 May 2020, 3:25PM
Photo / File

First home buyers encouraged to take advantage of favourable market

Author
Newstalk ZB,
Publish Date
Wed, 27 May 2020, 3:25PM

The Covid financial crisis could provide a silver lining for first home buyers.

ASB's latest Housing Confidence Survey shows just 14-percent of people believe house prices will increase in the next year.

That's compared to 54-percent of people this time last year.

But One Roof editor Owen Vaughan told Kate Hawkesby now could be a good time to enter the market, with investors holding off, and interest rates at a historic lows.

He says for first time buyers who are making a long term property decision, this is a good time to buy.

LISTEN ABOVE