Feature article
NZ housing not cheap, but affordability shows signs of improving
Housing affordability has improved to its best level since 2019
AI summary
According to a CoreLogic NZ report, housing affordability for buyers has improved to its best level since 2019. This is driven by falling property values, rising incomes, and lower mortgage rates, with the value-to-income ratio and mortgage servicing costs easing significantly. Auckland and Wellington have seen notable gains.
In contrast, rental affordability has worsened, with tenants spending a record-high portion of their income on rent. While conditions are better for buyers, long-term affordability improvements depend 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
A casual chat on the way to work helped one couple build their dream home ‘oozing’ with character
A Days Bay couple transformed a 1926 cottage into a character-filled dream family home.
A historic landmark in a ‘ridiculously amazing’ small town gets a new lease of life
Historic Lawrence landmark gets a stylish new life as a modern home, blending heritage features with interiors.
Search
Other articles you might like
