Fyi I represent the purple line.
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Don't worry, those in the TeslaGod's camp will never allude others to believe any different. He's only telling half of the story.
To me that chart tells me (with my basic math of 24.3% + 12.4% = 36.7%) that existing multiple owners who buy cash or mortgage, represents the largest share of house purchases in NZ - regardless of which year. A real sad case.
It depends what you mean by “largest buyers”. It also depends on how you segment the categories of buyers. “First Home Buyers” in that graph not being further segmented, whereas multiple property owners were sub-divided into cash purchasers and those who took out a mortgage. Multi-home owners comprising 36.7% of purchasers.
There is also the Reserve Bank's monthly C31 report. It includes bank lending amounts and actual borrower numbers, both by type of borrower (OO, FHB, investor, business). Not the same data as CoreLogic reports but interesting in part because it goes back years so shows trends.
For example, the % of rental investor borrowers has been dropping, down about 4% this year so far. A trend.
I stand by my statement and the facts.
First home buyers are not struggling it's a myth exaggerated by left wing media.
First home buyers are over paying for property through fear and greed.
That is why the RBNZ is stepping in to reign FHBs in with further restrictions.
From your chart, First home buyers are clearly outnumbered by buyers with multiple homes. SBQ was pointing that out.
As you may have alluded to before, I do think that there is a bit of fear or more specifically, FOMO, with some buyers fearful that they will forever be outpriced and shut out of home ownership. Perhaps that FOMO was stoked by early pandemic forecasts suggesting that house prices were going to drop instead of which they have materially increased! However unlike you I do not think that fear is out of greed, but rather, out of the fear that the natural desire to provide for a home with security of tenure, and not subject to a Landlord’s agenda, will be frustrated.