News

Property affordability improves as loan costs fall

Monday 24th of November 2008

The bank’s property gauges show affordability is improving though it is “a slow grind down,” the bank said in its report. Costs for servicing a home loan remained high, and rising, according to the November report. Consents and house sales were at “rock bottom,” levels not seen for 15 years.
     
The bank reiterated its advice that those seeking a mortgage should aim to fix for just...

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