By Hannah Kronast

From university dropout to first home buyer in three years - Alex Mayo is one of a growing number of young Kiwis choosing to buy an apartment rather than a house.

Mayo, 22, had always known he wanted to buy his own home for the sense of independence it brought, but he was less sure about his studies.

READ MORE: Home buyers purchasing Auckland apartments are typically paying close to $400,000 less than those snapping up houses, new data shows.


It meant that after just one month at university he dropped out.

Yet rather than let