PHOTO: FIONA GOODALL/GETTY IMAGES It’s still hard to get a foot on the property ladder – despite the recent dip in house prices.
It’s still hard to get a foot on the property ladder – despite the recent dip in house prices.
The numbers are stacked against first time buyers. High prices and restricted lending mean it’s arguably harder than ever before to get a slice of the quarter-acre dream in New Zealand.
If you do manage to get something, the dream will likely look less quarter-acre and more studio apartment 30 minutes out of the city.
Recent news of falling prices in Auckland offer a glimmer of hope to would-be buyers there – a sign that the tide could be turning, and offering some hope that they may be able to afford something after all.
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