Mortgage News

Housing market is abnormal: expert

Thursday 10th of July 2003
Neither wage increases nor declining interest rates were enough to offset the impact of rising house prices during the June quarter, according to the latest home affordability report which is prepared by Massey University for AMP.

Home affordability nationally fell 3.2% in the latest quarter. That followed a slight 0.7% improvement in the March quarter, but, compared with the June quarter l...

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