Kiwis spend half their household income on mortgages despite housing affordability improving – CoreLogic       Kiwis are spending half their household income on their mortgage payments, the latest CoreLogic Housing Affordability report shows. The report, which was released on Tuesday, noted while housing affordability has been improving due to property prices falling, incomes…

National tightlipped on whether it might scrap foreign home-buyers ban   Plans to Revoke Ban on Foreigners’ Home Purchases Under Potential National Party Rule   It has been revealed that the National Party intends to retract the ban on foreigners purchasing homes should they come into power. The prohibition on foreigner home purchases was introduced…

House price recovery: How much will market lift, and when’s the time to buy?   If you’re a recent buyer who’s struggled with the fall in house prices this year, take heart – forecasters are united in their view that things will pick up over 2024. But by how much is up for debate. 10%…

First-home buyers are getting older despite falling house prices   Houses may have been cheaper but the average age of first-home buyers went up during the market downturn, with the spike in interest rates and inflation the likely causes of the age increase. OneRoof analysis of data supplied by credit bureau Centrix shows the average…