Podcasts Other The Mike Hosking Breakfast Tony Alexander: Independent Economist on the surge of first-home buyers as prices come down

Tony Alexander: Independent Economist on the surge of first-home buyers as prices come down

Published: Nov. 8, 2023, 6:42 p.m.

A record surge of first-home buyers hits the market as prices come down.\xa0

First-home buyers now account for 27% of the market share according to new data from CoreLogic.\xa0

The Wellington region has the strongest market share, with one third of the market taken up by first home buyers.\xa0

Independent economist Tony Alexander told Mike Hosking that conditions have been in their favour.\xa0

He says average house prices fell about 18% from late 2021 to earlier on this year.\xa0

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