Quote Originally Posted by artemis View Post
Yet of the $6billion odd a month residential bank lending 80% is to owner occupiers. Not outpriced then.
After years and years of falling home ownership rates, the last couple of years has indeed seen a bit of a change I believe.

Is that a NZ or Auckland statistic? Always some who can afford to buy. What is the average age of first home buyers in Auckland these days? How many first home buyers have to empty out their retirement Kiwisavers to get a deposit? Maybe there are more first home owners in that group of owner occupier purchasers too? Maybe Auckland home ownership rate will stay above 50%.