Feature article
NZ housing not cheap, but affordability shows signs of improving
Housing affordability has improved to its best level since 2019
AI summary
A CoreLogic report shows NZ housing affordability for buyers is the best since 2019, thanks to falling prices, rising incomes, and lower mortgage rates. The time to save a deposit and mortgage servicing costs have both improved, making homeownership more attainable.
Conversely, renters face record-high costs, with rent absorbing 28% of income. Affordability has improved most in Auckland and Wellington, but Tauranga remains the least affordable main centre. Long-term improvement depends on increasing housing supply.
Signs of improvement, but affordability pressures remain
Renters face mounting pressures
Regional affordability shifts
What’s next for affordability
Author
Discover More
The five places where first-home buyers are winning the most
The five regions where first-home buyers are buying the biggest share of homes in New Zealand.
From an empty paddock at the end of a gravel road, they built an off-grid haven – complete with a Love Bus
A bare paddock became an award-winning off-grid escape with tiny homes, a Love Bus and coastal views.
Search
Other articles you might like
