Average Auckland house deposit may reach $1m by 2045   A warning has surfaced that first-time homebuyers in New Zealand may find it increasingly challenging to afford the down payment for an average-priced home. According to a report shared exclusively with 1News, the Auckland average housing deposit is predicted to reach $1 million by the…

Complex Reality of New Zealand Housing Market: Kiwis share regrets about buying first home   Wellington, New Zealand – Some New Zealand citizens who purchased their first homes are currently facing financial crises and regretting their decisions. These stories have become a hot topic on social media, with over 230 people commenting on a post…

Median-income First Home Buyers Struggle to Save for a Deposit   It appears that middle-income individuals aiming to purchase their first homes will find it challenging to accumulate the required deposit. According to the Aera Time to Deposit Index report, which is based on research by Aera, middle-income homebuyers face unfavorable conditions when it comes…

House prices starting to rise but recovery is slow going   The stagnation in the New Zealand real estate market is expected to come to an end with signs of recovery on the horizon. According to the latest report from CoreLogic, the Housing Price Index (HPI) rose by 0.4% in October, marking a 0.1% increase…