I have a lot of sympathy for first home buyers as the market is tough. However if you bought and assumed that rates would stay at 2.5% and you can afford to pay more, I haven’t a ton of sympathy.
The historic average over 10 years is approximately 6.5%.
The historic average over 10 years is approximately 6.5%.
https://www.canstar.co.nz/home-loans/what-is-the-average-hom...