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

Consents fall could have been worse

New dwellings consents dropped in April. That didn’t surprise anyone but economists were surprised that the drop wasn’t bigger.

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.


Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.


Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer