First-home buyers in Auckland are flocking to the west, where there are more new buyers than anywhere else in the country, latest data shows.
The analysis by PropertyIQ is the first to look at first-home buyer numbers since new bank lending restrictions were introduced on October 1.
The research company looked at every property transaction over the last 10 years to determine whether sales were to first-home buyers, movers or property investors.
It found 20 per cent of national sales of houses, flats and apartments since the start of 2012 were to first-home buyers. Read more....