PHOTO: ROSA WOODS/STUFF – HAM uses individual-level data on the income of renters in each area alongside what a lower quartile house would cost, leading to a much richer picture than other measures.
Housing affordability is still getting worse according to an official Government measure, with four in five renters unable to comfortably afford mortgage payments.
The Housing Affordability Measure’s (HAM) latest results are only current to March 2017, but show that affordability then was worsening on the year before.
The key thing HAM measure is how many current renters would find it difficult to make mortgage payments on a starter home in their area, using a benchmark of residual income left over after housing costs.
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