Low Deposit Loans Fuel First-Home Buyer Surge
The Reserve Bank of New Zealand (RBNZ) data for June shows that $1.27 billion was lent to borrowers with less than a 20% deposit.
This trend is particularly prevalent among first-home buyers, who are making the most of favorable market conditions.
Nadine Higgins, host of NZME's personal finance podcast The Prosperity Project, notes that low deposit home loans are on the rise.