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8 Feb 2026 19:01
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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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     Top Stories

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    The Black Ferns Sevens will square off against Australia once again in a world series tournament decider later tonight More...


    BUSINESS BUSINESS
    Residents in Hawke's Bay's Kai-rakau have entered a second consecutive month of level 4 water restrictions More...



     Today's News

    Soccer:
    Manchester City manager Pep Guardiola has dismissed the idea this season's Premier League title chase is over if his side lose to Liverpool in Anfield tomorrow morning 18:57

    Soccer:
    Liverpool manager Arne Slot understands tomorrow morning's opponents Manchester City remain a force despite not being in their best form 18:37

    Rugby:
    The Black Ferns Sevens will square off against Australia once again in a world series tournament decider later tonight 18:27

    Rugby League:
    Brisbane prop Payne Haas will reunite with coach Wayne Bennett at South Sydney after signing a three-year contract, a development that has the NRL world in shock 18:07

    Environment:
    Wellington officials are pushing for an investigation into the city's wastewater infrastructure 17:27

    Rugby League:
    A monumental signing in the NRL, with arguably the game's best prop to shift clubs after the upcoming season 16:57

    Christchurch:
    New Zealanders hoped never to see the Christchurch terrorist again. Now he wants to appeal his sentence 16:27

    Rugby:
    The Highlanders are keeping their fingers crossed for Fabian Holland as they prepare to find out more about the All Blacks lock's injury 16:17

    Cricket:
    A cricket-crazy Indian crowd is a double-edged sword for captain Mitchell Santner and the Black Caps 16:17

    Business:
    Residents in Hawke's Bay's Kai-rakau have entered a second consecutive month of level 4 water restrictions 15:27


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