- Interest rates might be hovering around historical lows, but that isn’t making life much easier for buyers.
A Stuff analysis of house prices and interest rates in 2010 compared to 2016 shows new buyers are paying significantly more each fortnight for their home loans, even though interest rates have almost halved.
In 2006, the median house price in Auckland was $545,644, according to CoreLogic. The median two-year home loan rate was 8.1 per cent. Ten years later, the median price is $1.26m and the median interest rate 4.75 per cent.
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