House af­ford­abil­ity gap

Hawke's Bay Today - - NATION -

There’s a $300,000 price dif­fer­ence be­tween what Ki­wis think an af­ford­able house should cost, and the ac­tual av­er­age price na­tion­wide. And the gulf be­tween the two is al­most $600,000 in Auck­land. Hori­zons Re­search has found Ki­wis ex­pect an af­ford­able house to cost $375,000 but an av­er­age house na­tion­wide would set you back $675,000. Auck­lan­ders have the high­est ex­pec­ta­tion of af­ford­abil­ity — nearly $470,000 — but this is a lot less than the Gov­ern­ment’s $650,000 af­ford­able Ki­wiBuild house.

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