Massey’s latest Home Affordability Report out now

  • Efforts to cool Auckland property market taking effect Lower interest rates and the Reserve Bank’s loan-to-value ratio restrictions are making Auckland houses more affordable, according to the latest Massey University Home Affordability Report.

Report author Dr Susan Flint-Hartle says the “modest” annual improvement in affordability of 3.1 per cent in the country’s largest city is “good news for policymakers intent on moderating the persistent inflation of Auckland house prices”.

But she warns that this improvement, while welcome, offers limited respite for first homebuyers in Auckland.

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