ZB

Economist: Tightening of lending rules strips first home buyers ability to get into market

Author
Newstalk ZB,
Publish Date
Wed, 26 Jan 2022, 8:49am
(Photo / Getty Images)

Economist: Tightening of lending rules strips first home buyers ability to get into market

Author
Newstalk ZB,
Publish Date
Wed, 26 Jan 2022, 8:49am

Things aren't looking any rosier for people trying to get on the property ladder. 

A new CoreLogic report suggests the property market has moved past its peak growth rate. 

However, independent economist Tony Alexander told Tim Dower that won't help first home buyers. 

He says the tightening of home lending rules has stripped away their ability to get into the market. 

“It’s been a heck of a last 12 months should we say, for first home buyers – and at the moment, it’s not that flash for them.” 

LISTEN ABOVE