Are first home buyers in 2023 better off?

The chart shows the difference in fortnightly mortgage repayments for purchases in March 2022 and March 2023.

The mortgage repayments are based on 80% of the average property value for each of the locations in March 2022 and March 2023. The two-year fixed rate is an average of the two-year year rates on the market in March 2022 and March 2023.
Table: OneRoof.co.nz Source: OneRoof Get the data