
First-time buyers upending the market
Now it's time to chat about the property market and how things are changing for first-time buyers. A great Stuff piece by Janika ter Ellen today has outlined a curious trend - how first time buyers are skipping those traditional "starter homes" and leaping up the property ladder. Data from Cotality shows that new buyers now make up the biggest group snapping up property in that middle price range which is from $600k to $787k. There's also a rise of first time home buyers in the upper price bracket. So what's behind this shift ... Joining Emile is Cotality chief property economist Kelvin…
The skinny
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