Interest rate hike bad for first home buyers - a podcast by RNZ

Already struggling first home buyers have been stung yet again, this time by the Reserve Bank's raising of the Official Cash Rate.
The OCR was raised by a quarter of a percentage point to one percent yesterday, with the central bank saying further rises are likely.
Low interest rates were the one silver lining left for people trying to buy their first home, with large deposit requirements and skyrocketing house prices already preventing many from entering the market.
First Home Buyers Club director Lesley Harris spoke to Susie Ferguson.

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