- Houses have become more affordable over the past year in many parts of the country – but not everyone has been so lucky.
Ratings agency Moody’s has released a report on housing affordability in New Zealand.
It noted that while affordability in Auckland remained poor, higher incomes and low mortgage rates offset the increase in property prices in the city last year.
“Rising household incomes and record low interest rates have prevented a deterioration in housing affordability in New Zealand over the past year, including in Auckland,” says Karen Burkhardt, a Moody’s associate analyst.
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