Kirstie and Phil's advice for Kiwi first home buyers

Love It or List It hosts Phil Spencer and Kirstie Allsopp have shared some tips for Kiwi first home buyers. Photo / Supplied

Hosts of the popular British property show Love It or List It have shared some words of wisdom for Kiwi first home buyers.

Phil Spencer and Kirstie Allsopp will be familiar to many for helping British families decide if it's best to renovate their existing home or make the most of the rising property market and sell.

Each week, Allsopp and a team of property developers transform each house to make it lovable again, while Spencer seeks out new properties for the owners to buy.

FOR MORE PROPERTY NEWS AND LISTINGS GO TO ONEROOF.CO.NZ

Speaking to Coast breakfast hosts Jase and Bernie, Spencer said he has fond memories of New Zealand having backpacked and hitchhiked around the country when he was 21.

"I think my average wait for a lift was about 10 minutes, several cars pulled up at the same time, I tell you that wouldn't happen in England."

Spencer said he can therefore understand why the average home in New Zealand is going for around $650,000.

"It's a beautiful place and lots of people want to live there."

He said those looking to break into the market for the first time should look for a property that can be improved on and has an "opportunity to add value".

"Buy a property that you can improve or one in an area that will improve in the time that you live there," he said.

Allsopp meanwhile hasn't ventured down under yet but is doing her best to change that.

"We're really keen to come and we keep on trying to work it out because outside of the UK it's probably where the shows are most popular."

Allsopp believes first home buyers should always try to find a house that has longevity.

"Don't think about where your favourite bars and restaurants are because in five years time that might not be a factor in your life."

OneRoof.co.nz and TVNZ 1 are giving you the chance to win $10K towards your home deposit. To get in the draw, watch Love It or List It, Wednesday 7.30pm TVNZ 1.   Spot the code word and register at OneRoof.co.nz