First-home buyers Natalie and Glen Allison say the prices fetched at auctions they've been to are 'eye-opening'. Photo / Brett Phibbs
Glen Allison says decreasing mortgage rates may help him and his wife get into their first home, but it is only a short-term fix for a long-term obligation.
The couple have a 1-year-old daughter named Paige and are looking to buy a house in West Auckland.
A mortgage was a
long-term commitment, said Mr Allison, 38, but lower interest rates would help in Auckland's housing market, at least in the short term.
"Dropping [them] one year doesn't mean it's going to stay that way long-term. It will only fix it for usually two or three [years] at a time, so who knows what happens down the track."
