First Home Buyer Affordability Report
25 May 2015
Housing has only become unaffordable for first home buyer households in Auckland in the last 21 months – AMP360 First Home Buyer Affordability Report.
New Zealand has a property market of two halves – Auckland and everywhere else, according to the latest AMP360 First Home Buyer Affordability Report.
Housing remains affordable for first home buyer households everywhere but Auckland, where it is severely unaffordable, the report has found.
The report found that first home buying affordability improved slightly in April compared to March, driven mainly by declines in lower quartile selling prices in many regions.
However the improvement was so small that home buyers were unlikely to have noticed the difference.