Lower mortgage rates, and income growth have helped improve housing affordability
Lower mortgage rates, and income growth have helped improve housing affordability
28 August 2025
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.
National property values also remain almost 17 percent below their post-covid peak.
Cotality Chief Property Economist Kelvin Davidson says mortgage serviceability has seen a significant change, compared to its 2022 high of 57 percent.
He says it now takes around 44 percent of the median household income- so it's getting close to normal.
© 2025 Newstalk ZB, NZCity
