Low interest and bank sweeteners gas upsurge in mortgage loans for very first time purchasers

A flurry of very first house purchasers have strike the Tauranga home market driven by historically low-interest prices and high rents. Banking institutions are providing sweeteners to seal the deals including 1000s of dollars in cash-back incentives and international holiday breaks. Numbers from Inland income show 917 Tauranga first house purchasers collectively withdrew $22.7 million this past year compared to 847 very very very first house purchasers withdrawing $18.6m in 2018.