Podcasts Other The Mike Hosking Breakfast Ashley Church: First home buyers to struggle on higher deposits

Ashley Church: First home buyers to struggle on higher deposits

Published: Nov. 1, 2020, 9:32 p.m.

A property commentator is warning first home buyers will be the casualties of any Reserve Bank move to introduce higher deposits.
The latest OneRoof house price index shows nationwide values are up five per cent from March 25 - just before the country went into lockdown
One Roof's Ashley Church told Mike Hosking LVR restrictions don't curb housing booms - but they do exclude first home buyers from the market.
He says those are the people who are already struggling to find a deposit, so capping loan-to-value ratios will only prevent another generation of kids from buying a house.
Church says they're the ones already struggling to find a deposit, of 160 thousand dollars in Auckland.
He says the last time restrictions went on everybody, an entire generation of new buyers were cut out of the market.
 
LISTEN ABOVE