1st-time homebuyers advised to consider purchase as NZ housing market stabilizes, mortgage rates decline.

Mark Lister, investment director at Craigs Investment Partners, recommends that first-time homebuyers consider purchasing now, as the housing market stabilizes and mortgage rates decline. While affordability remains a challenge and the unemployment rate is rising, factors like eased regulations and supportive migration trends may foster a market recovery. Lister anticipates modest housing price gains in the coming years, despite ongoing ownership costs.