Mortgage News

Home affordability strikes new record

Monday 12th of July 1999
Lower house prices and continued low interest rates have combined to make New Zealand homes the most affordable they've been in the last decade.
AMP's home mortgage affordability survey, recently completed for the June quarter, shows that houses are 42.8 per cent more affordable than they were a year ago. All 11 regions measured improved in affordability, with Auckland and Southland still the...
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