The saving drive continues and confidence is returning to first time buyers

April 5, 2021   Savings levels amongst first time buyers continue to rise in the third lockdown  Average saved amongst those surveyed reached £789 per month First time buyers looking to buy in the next 12 months had fallen away in 2020 but is starting to recover in 2021 Interest in Help to Buy is renewed following announcement of mortgage …

First Time Buyer Savings – Covid Insights

March 29, 2021 In January 2021 we reported on the two-speed first-time buyer market that had resulted from the Covid pandemic. As we prepare our Q1 2021 update, we wanted to build on this work and shed some further light on how first-time buyers have been saving for their deposit during this period. Given the press commentary on the savings …

Government housing measures in Auckland are ‘underwhelming’ – First Home Coach NZ

March 23, 2021 The Government have announced plans to increase income caps for the First Home Buyer Grant and First Home Loan from $85,000 to $95,000 for single buyers and from $130,000 to $150,000 for two or more buyers. At the same time, the property price caps would also raise to $700,000 in Auckland, $650,000 in Wellington and Queenstown, $600,000 …

Lockdown Causes A Rift In First Time Buyer Housing Prospects

Jan 14, 2021   Those who have benefited through the lockdown by saving money on transport, expectation of a purchase in the next six months has increased by 62%. Meanwhile, for those who have seen lockdown create uncertainty, 56% less now intend to purchase a home within the next six to 12 months. For individuals whose jobs continued unhampered by …