Scoop has an Ethical Paywall
Fairfax Media home loan affordability
Media release by www.interest.co.nz
15 November 2007
Fairfax Media home loan affordability
October 2007
This series reports on changing home loan affordability for both typical buyers, and first-home buyers, in detail for 12 regions. Current real estate prices, mortgage rates and incomes are three key determinants of home loan affordability.
Despite the well publicised slowdown in the real estate market, this has had no impact on home loan affordability. In fact, in some communities, it has gotten worse in October .
Even though the affordability crisis has developed over only the past four years or so, it will take decades to unwind the damage that has been done in that short period.
Home buyers still face the very difficult market conditions.
ENDS
John P. Ruehl: Defending Privacy In The Surveillance State And Fragmenting Internet
Ecobaits: Kiwi Inventor Seeks To Change The World Of Fishing And Ocean Care With Sustainable Fishing Products
Bill Bennett: 2degrees Charged Over Roaming Claim
Auckland Zoo: Emergency Mahi Underway For Endemic Skink On The Brink
University of Auckland: AI Has Multiple Uses In Surgery, Research Finds
Tourism Industry Aotearoa: TRENZ Bids Goodbye To The Capital, And Hello To Rotorua
