PHOTO: AUCKLAND COUNCIL – Younger people who graduated in 2012 could very well feel unfairly locked out of the housing market.
Auckland’s middle class have seen a huge drop in their ability to own the home of their choice.
Auckland Council has released a report Who can buy Auckland’s houses analyses housing affordability at 10 and 20 per cent deposit rates for different income levels.
David Norman, Chief Economist at Auckland Council says middle class groups in Auckland “actually had it pretty good” in housing terms after the global financial crisis of 2008.
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