New Zealand First-Time Homebuyers Seize Brief Window

Bloomberg Television published this video item, entitled “New Zealand First-Time Homebuyers Seize Brief Window” – below is their description.

New Zealand’s home-building approvals fell 5.2% month-on-month in July versus revised increase of 3.4% in June. Meanwhile, the country’s slump in house price has given first-time homebuyers a welcomed leg up in their quest to purchase a property, but that opportunity may be short-lived. Ainsley Thomson reports on Bloomberg Television.

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In This Story: New Zealand

New Zealand is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island and the South Island —and around 600 smaller islands, covering a total area of 268,021 square kilometres.

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