Home truths: Even the elite are locked out

  • The number of highly paid professionals and managers unable to afford to buy a home in Auckland has almost doubled in just over a decade.

The figure jumped from 16,600 in the 2001 Census to 31,100 in 2013 – when house prices began to surge again – according to a report by housing researcher Ian Mitchell.

Prices in Auckland have tripled in the past 15 years, while incomes have risen by only two-thirds.

READ MORE VIA NZHERALD

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