First home buyers are having to shell out on average nearly $94,000 more to get on the property ladder than a year ago. "At 22 per cent, their share of purchases has eased back down to levels last seen in early 2018." Meanwhile mortgaged investors' share of property purchases hit another record high last month at 29 per cent of all property purchases. From May 1, the 5 per cent investor cap will rise to deposits under 40 per cent. But Davidson expects investors will face even more restrictions in a bid to cool the hot property market.

Source: New Zealand Herald March 17, 2021 19:18 UTC