Affordability is back: Are the housing market drops over? 📊
About this episode
The episode discusses the return of housing affordability in New Zealand and the factors contributing to it.
Send us a question/idea/opinion direct via text message! After years of national hand-wringing, housing affordability in New Zealand has officially returned to long-term averages. Falling house prices, lower interest rates, and rising wages have combined to bring the value-to-income ratio back down to 6.7 - exactly where the historical average has sat since 2004. This week on the New Zealand Property Market Podcast, Head of Research Nick Goodall and Chief Economist Kelvin Davidson unpack the ...
People in this episode
Hosts: Nick Goodall, Kelvin Davidson
Topics covered
- housing affordability
- New Zealand property market
- economic trends
- house prices
- interest rates
Keywords
- housing affordability
- New Zealand
- house prices
- interest rates
- wages
- value-to-income ratio
Mentioned in this episode
Places: New Zealand
More episodes of The NZ Property Market Podcast
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- The drift lower continues for property sales
- 13% of homes sell at a loss: Q2 Pain & Gain 📉
- Unemployment Hits 5.6%: Why Mortgage Defaults Stay Low 📊
- NZ vs AU Property: Lessons From NZ’s 17% Fall 📊
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