The NZ Property Market Podcast S3.E24 - A new lens on affordability?
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Infometrics' release of their new report "Housing update: A new lens on affordability" dominates the discussion this week, as it brings to the fore the consideration of assessing all payments over the lifetime of a mortgage rather than simply the price paid when bought.
The key headline was that it's now the worst time to be a first home buyer in NZ since 1957, and based on the quality of the report it's hard to argue the point. Nick and Kelvin do however, dig into a little bit of the detail of why that is the case and whether it'll once and for all put the generational argument of who had it tougher, to bed!
Kelvin also provides an overview of the latest release of the Mapping the Market interactive suburb report and covers off the latest NZAC data (and why doesn't it get the coverage it deserves!?).
Lastly this week, here are the links as mentioned:
- BusinessDesk article on the impact of the City Rail Link stations on property values.
- Real Estate Breakfast
- Kelvin's oneroof article
Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz
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