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 new CoreLogic NZ report shows housing affordability for buyers has improved to its best level since 2019, driven by falling property values, rising incomes, and lower mortgage rates. Key metrics like value-to-income ratios have improved significantly.
However, affordability for renters has worsened, with rents consuming a record-high share of income. While Auckland and Wellington have seen major affordability gains, saving for a deposit remains a significant hurdle for first-home buyers across the country.
Signs of improvement, but affordability pressures remain
Renters face mounting pressures
Regional affordability shifts
What’s next for affordability
Author
Discover More
First home buyers hit record highs as national property values dip -0.2%
While investors are tapping the brakes, first home buyers are accelerating.
The priciest property sales this year: Auckland and Queenstown dominate but other towns almost broke in
Explore the 10 priciest property sales of the year. Discover why Auckland and Queenstown dominate the luxury market.
Search
Other articles you might like
