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17 Feb 2026 7:22
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  •   Home > News > Business

    The property market's still mostly too hot for first home buyers to handle

    The property market's still mostly too hot for first home buyers to handle


    CoreLogic data says average house prices across the country continue to surge.

    Herne Bay is New Zealand's most expensive suburb with the average property valued at three million dollars.

    Senior property economist Kelvin Davidson says getting a foot in the door is still a big challenge.

    He says the strong growth means somebody saving for their first deposit has to find substantially more money.

    © 2026 Newstalk ZB, NZCity

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