Cotality chief property economist Kelvin Davidson says: “First home buyers are making the most of current market conditions. “With property values off their highs, mortgage rates easing, and support from KiwiSaver and low‑deposit lending, this group is well placed to take advantage of opportunities. “Residential property values across Auckland have begun to stabilise, with signs of improvement now emerging. That dynamic is also contributing to improved affordability in relative terms, particularly for first home buyers, who remain active across many parts of the country. “An election year can create a degree of caution, which may restrain activity at times as buyers and sellers take a more wait-and-see approach.