Photo: RNZ / 123rf
New figures from Corelogic show the share of purchases by first home buyers in the first quarter of the year fell from 24.8 percent six months ago to 21.5 percent - the lowest level in three years.
But are there early signs of a change? The government has introduced higher investor deposit requirements and tax changes for property investors.
Corelogic's chief propery economist Kelvin Davidson says the tide may be starting to turn.
