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Owen Vaughan: OneRoof Editor on rising housing affordability
Published 8 months, 1 week ago
Description
It's positive news for hubs like Auckland and Wellington where housing affordability gains have been most visible.
Cotality NZ’s new report finds the national value-to-income ratio reached its lowest point since mid-2019 in the June quarter, at 7.5%.
One Roof Editor Owen Vaughan told Ryan Bridge buyers should target housing pockets like Auckland's Otara, where's there a lot of value.
He says prices have come down around 20% since Covid, and houses can go for around 600 thousand dollars.
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