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26 Apr 2024 11:44
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  •   Home > News > Business

    New research is suggesting the recent property boom has hit Wellington first-home buyers the hardest

    New research is suggesting the recent property boom has hit Wellington first-home buyers the hardest


    OneRoof has calculated that deposit requirements grew by 28-thousand dollars to 153-thousand dollars for New Zealand in the last 12 months.

    Editor Owen Vaughan says getting a deposit on a property in the capital has skyrocketed, due to the post-lockdown surge.

    He says there's now an extra 43-thousand dollars first home buyers in Wellington have to find.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    International:
    Harvey Weinstein has had a huge court victory, reversing a landmark #MeToo ruling. Here's why he won 11:37

    Health & Safety:
    There's concern about tele-health being promoted as an alternative to after hours medical care 11:27

    Rugby League:
    Former Kiwis coach Sir Graham Lowe's bemoaned a series of defensive lapses by the Warriors in their 27-24 loss to the Gold Coast Titans in league's NRL 11:17

    Living & Travel:
    A Hawke's Bay man will walk 100 kilometres on his centennial birthday this November for charity 10:27

    Business:
    Activity in the housing market is holding its own against the rising cost of borrowing 10:07

    Law and Order:
    A spate of cash box thefts on Wellington buses 9:27

    Environment:
    Freight trains will again cross Ashburton's Rangitata rail bridge, thanks to temporary repairs 8:27

    Law and Order:
    A 61-year-old Porirua man's been arrested, after a car tyre slashing spree 8:17

    Cricket:
    The Black Caps' young guns have a sniff at a T20 series victory against Pakistan, after taking a 2-1 series lead following a four-run game-four win 8:07

    Rugby League:
    Warriors coach Andrew Webster is walking towards the challenge of getting his team out of their current slump 7:57


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