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PHOTO: STREETVIEW This Dunedin property sold for $287,000.
First-home buyers: Now’s your time to jump in.
A combination of more relaxed lending rules and new regulation of the rental property market have created an environment where it’s easier than it has been for years to buy a first house.
Homes.co.nz data shows there have been 1508 sales of houses in Auckland for less than $690,000 in the past year.
That figure is used to indicate a first-home buyer budget because it is the level at which three-quarters of houses for sale are more expensive.
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