Jenee Tibshraeny: NZ Herald Wellington business editor on first home buyers making significant percentage of new mortgages

First-home buyers accounted for a record-high portion of banks’ new mortgage lending last month. In May, first-home buyers 24.3 per cent of the $5.9 billion of new mortgages written- the highest portion since RBNZ began keeping records. NZ Herald Wellington business editor Jenee Tibshraeny says first-home buyers entering the market comes at the expense of investors- who have pulled back from a sluggish market. LISTEN ABOVESee omnystudio.com/listener for privacy information.