First home buyers shelling out $94,000 more to get on proper

First home buyers shelling out $94,000 more to get on property ladder


First home buyers shelling out $94,000 more to get on property ladder
17 Mar, 2021 07:17 PM
3 minutes to read
First home buyers are having to shell out on average nearly $94,000 more to get on the property ladder than a year ago.
Data from CoreLogic shows the median price paid in February for a first home buyer was $615,000 - 18 per cent higher than a year ago or nearly $93,700 more.
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Kelvin Davidson, CoreLogic senior economist, said there were signs that first home buyers were starting to creak under the pressure of raising ever-larger deposits, even with their access to KiwiSaver funds taken into account.

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