Home affordability stablises
A year long trend in declining home affordability has halted, according to the latest Home Affordability Report.
Wednesday, April 23rd 2003, 5:44PM
by The Landlord
In the previous four quarters New Zealand home affordability trended downwards with consecutive quarterly falls of 4.7%, 14.9%, 0.1% and 3.3%. In the past 12 months national home index has declined 18%, which means homes are now 18% less affordable than a year ago.
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