
Mortgage News
Auckland affordability a credit negative - Moodys
Wednesday 8th of March 2017
A new report by Moody’s Investors Service has found that Auckland’s affordability improved in 2016 – thanks to low income rates and a rise in incomes.
But the proportion of income needed to meet mortgage repayments remains high and considerably more than in other regions.
Moody’s associate analyst Karen Burkhardt said Auckland’s high housing prices mean new home owners spend on av...
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