PHOTO: SUPPLIED – Last week’s Housing Affordability Measure data suggests it’s going to be more difficult for first-time home buyers to purchase a house of their own in Auckland in the immediate future.
Millennials are becoming increasingly concerned with the uncertainty of ever owning a home in Auckland.
The latest Housing Affordability Measure (HAM) released on June 13 by the Ministry of Business Innovation and Employment has been described as depressing reading by some Auckland young adults.
Renting a studio or an apartment seems more likely the future for employed millennials than living the Kiwi dream of home ownership, Stuff has found when talking to 20-somethings of Auckland.
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