Property Management

Housing affordability - Nelson 2nd behind auckland

...The index, compiled by Massey University's real estate analysis unit, looks at how prices, interest rates and wages affect people's ability to buy a home. A stable median dwelling price of $195,000 in the first quarter led to a 0.7% rise in affordability in the same period...

Sunday, April 20th 2003

But don't let figures fool you. Although Auckland homes are now slightly more affordable, it remains the least affordable region in the country.

The other is sun-drenched Nelson, where a "sunshine" subsidy sees people willing to take a lower salary in return for the less tangible but still real benefits of living there.

In the past year, Nelson has moved from seventh to second-least affordable place to live, bumping out Wellington into third place. Affordability in Nelson fell 14% in the latest quarter, and 50.6% during 2002. Nelson's median house price rose from $147,000 to $200,000 in the past year.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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