Kiwis Get More Good News On Housing Affordability!

Across the ditch, the story of home prices and affordability is completely different from Australia. So far, the Reserve Bank of New Zealand has slashed the official cash rate by 2.25%, which has lowered mortgage rates by around 2% over the past year. The good news is that falling interest rates, heavy price cuts, and lower immigration has made New Zealand housing more affordable to purchase and rent. Yes, this is good news, and shows the interplay of these factors in action. Housing is still expensive though, while Auckland experienced a year-on-year decline of 3.5%, its median price sat at […]