At times they've been almost squeezed out of the New Zealand housing market. I think the first home buyers taking on the current housing market are doing so because, well, they want their own house. I'll explain the second point first: A fundamental problem with the housing 'market' is that it pushes together buyers who have enormously different motivations. This question again goes back to the whole issue of the housing market as a place to find a home versus as a place to find an investment. That's going to be crucial, because that would force recent buyers to potentially have to sell - and crystalise loses.

Source: New Zealand Herald June 30, 2023 03:59 UTC