An unsurprising decline in the number of first-home buyers in the market
An unsurprising decline in the number of first-home buyers in the market
10 May 2022
CoreLogic's report for the quarter, reveals the number of people buying their first home, fell by three and a half percent on the second half of last year.
Chief Economist Kelvin Davidson believes the average age of first-home buyers is 35, so there are plenty on the higher side of that.
He says people getting a mortgage later in the life can run into issues, especially when it comes to retirement.
Donaldson says there's a lot of pressures of first-home buyers currently, so isn't shocked by the fall.
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