News

Central Otago Lakes and Auckland most expensive for property

Friday 23rd of September 2011

The Massey University Home Affordability report said affordability improved over the last quarter as falling interest rates and rising wage rates offset a slight increase in the national median house price.

The report said the median house price is up $5,000 to $355,000, the average monthly mortgage interest rate fell from 6.29% to 6.21$ and the third affordability driver - average week...

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