Jenee Tibshraeny: NZ Herald Wellington business editor on first home buyers making significant percentage of new mortgages
First-home buyers accounted for a record-high portion of banks’ new mortgage lending last month.
In May, first-home buyers 24.3 per cent of the $5.9 billion of new mortgages written- the highest portion since RBNZ began keeping records.
NZ Herald Wellington business editor Jenee Tibshraeny says first-home buyers entering the market comes at the expense of investors- who have pulled back from a sluggish market.
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