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1st Home Buyers borrow half a billion more

1st Home Buyers borrow half a billion more

First home buyers are getting into the market in force borrowing around $644 million more than the previous 12 months (to June). Thats  a jump of 7%.

This could be due to multiple factors such as the RBNZ slight loosening at the start of the year for low deposit borrowers. A trend towards sale by negotiation instead of auction, which gives the buyer an opportunity to check things out comfortably.

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