28 Jul 2020

First home buyers make up most new mortgages

From Morning Report, 7:27 am on 28 July 2020

First home buyers accounted for the biggest share of new mortgages in June, the first time that's happened according to Reserve Bank statistics.

Real estate agents says the two groups are dominating the housing market post-lockdown, but existing homeowners are sitting on their hands.

RNZ housing reporter Eva Corlett filed this report.