$700,000 for a first home in Auckland: Young house-hunters’ property market fears

  • Nearly half of young Aucklanders who hope to buy their first home expect to pay more than $700,000 – meaning they have to save at least $140,000 for a deposit.

Only 14 per cent of aspiring house-hunters believe they will be on the property ladder within two years and the same percentage don’t expect to own their own home until at least 2031.

READ MORE VIA NZHERALD

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Only 14 per cent of young house-hunters in Auckland believe they will get on the property ladder within two years. Photo / Getty Images

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