Seminar for first-timers

The welcome mat is rolled out for Dunedin first-home buyers.

Two Dunedin real estate agents are holding a seminar in the city tomorrow for first-home buyers.

James and Amy Columb, of Edinburgh Realty, will be joined by a Housing New Zealand representative, a lawyer, an insurance adviser, a mortgage adviser, a builder and an electrician at the seminar.

The introduction of the loan-to-value ratio (LVR) in October affected ''first-home buyers thinking they can't get money'', Mr Columb said.

The seminar would cover what first-home buyers could borrow, as well as informing people about what they needed to be aware of once they made a purchase.

Dunedin was still a realistic market for first-home buyers.

''You can still get a very good house between $200,000 and $300,000, and you can't really do that in most other New Zealand centres.''

About 50 people have registered their interest in attending the free seminar, which will be held at the Dunedin Club from 6pm.

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