Monthly Archives: April 2007

Source: NZ Herald What’s the answer for Aucklanders trapped in the affordability squeeze? Property experts say those facing a lifetime of renting must change their ideas if they want to get on the housing ladder.

Source: NZ Herald Average rents have risen faster than wages in the past five years and are tipped to jump further in the next two years as the rental market catches up with Auckland’s soaring house prices. Property Investors Association … Continue reading →

From the NZ Herald By Simon Collins The average house in Otara, Auckland’s poorest suburb, is now just out of reach of someone on the national average wage. Calculations for the Herald by Mortgage Brokers Association chairman Geoff Bawden show … Continue reading →

From the NZ Herald A leading property investor has questioned why people on above-average wages cannot afford to buy a home after a report predicted dramatically falling home-ownership rates. Property Investors Federation vice-president Andrew King said people on $70,000 a … Continue reading →