Homes more affordable in Northland

Wednesday 4 February 2004

Northland homes are still more affordable than the rest of the country, according to the latest AMP Home Affordability Report.

By The Landlord

The affordability of Northland homes has improved by 1.3 per cent in the quarter ending December 2003.

Nine other regions recorded an affordability decline ranging from 1.1 per cent to 13.4 per cent.

The affordability of New Zealand homes dropped by almost six per cent in the last quarter as house prices continued to climb across the country.

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer