20 May 2022

First Home buyers club on property price cap changes

From Morning Report, 6:10 am on 20 May 2022

The new budget is changing the rules for property price caps on two schemes to encourage first home buyers to invest.

This comes as the boom in housing prices is wrapping up with experts predicting a dramatic drop over the next year.

So does this mean the stars finally align for those previously locked out of the property market?

For Sale Sign

For Sale Sign Photo: RNZ / Angus Dreaver

First Home Buyers Club director Lesley Harris spoke to Corin Dann.