A cooling property market in some areas, particularly in Auckland, is good news for first home buyers. With low interest rates, and increasing restrictions on investors and foreign buyers, it is as good a time as any for first home buyers to get into the market.
See what a first home buyer budget will get you around New Zealand below.
The First Home Buyers HomesEstimate in Auckland is $690k. See how far your money can go if you moved down State Highway 2 with this Papamoa Beach property.
The First Home Buyers HomesEstimate is Wellington is $604k. Check out this inner-city apartment in Wellington and all it has to offer.
Interested in a change? Take your $500k First Home Buyers HomesEstimate in Tauranga and make the move to Paihia in the winterless north.
The First Home Buyers HomesEstimate in Hamilton is $459k. Take a look at this Frankton home in your price range.
Christchurch ($348k) & Dunedin ($336k)
The First Home Buyers HomesEstimate in our southern cities remains under $350k. Grab this central Dunedin 2 bedroom cottage with offers over $229k.