Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Improved home affordability

Wednesday 03 May 2006

Turn in housing market delivers improved home affordability

New Zealand home affordability has seen a quarterly improvement for the first time in two years, according to figures released today in the AMP Home Affordability Report for the March 2006 quarter. A fall in house prices, along with a slight increase in wages, offset upward creeping interest rates to deliver a 1.3% quarterly improvement in New Zealand.s home affordability index. Graham Crews, Senior Lecturer in Real Estate at Massey University, says.

The principal driver behind the country.s improved home affordability for the quarter, which ended in February, was a drop in the median dwelling price to $295,000, which some might say is indicative of a plateauing market..

See full media release:

  • Home Affordability Report Media release
  • Final Copy Of Home Affordability Report
  • ENDS


    © Scoop Media

     
     
     
    Business Headlines | Sci-Tech Headlines

     

    Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

    New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

    Elsewhere:


    Approval: Northern Corridor Decision Released

    The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

    ALSO:


    Crown Accounts: $4.1 Billion Surplus

    The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

    ALSO:

    Mycoplasma Bovis: One New Property Tests Positive

    The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

    Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

    General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>