First-home buyers back in the market

First-home buyers have spent the past two years clawing their way back into a position to buy Auckland houses again.

Having been priced out of the market during the boom years, they took advantage of falling prices since to become the city’s dominant buyer group again.

Now new data by analyst OneRoof-Valocity shows Nelson St in Auckland Central has been the most popular spot for first-home buyers to purchase.

They snapped up 41 properties in apartment complexes on Nelson St in the past 12 months.

Apartments on the street sell for a median price of $325,000.

Union St in the city centre was the next biggest seller, with 33 properties going to first-home buyers.

A new development on Kimiora St in Three Kings was the next most popular, with 25 purchases. Other first-home buyer hotspots included Mapou and Rangihina Roads in West Harbour, Royal Rd in Massey, Dignity St in Takanini and Beach Haven Rd in Beach Haven.