Home Loan Affordability Report

Prospective first home buyers in Auckland, Tauranga and Kapiti are caught between not being able to scrape together a 20% deposit and being unable to afford the repayments on a low equity loan

Prospective first home buyers in Auckland, Tauranga and Kapiti are caught between not being able to scrape together a 20% deposit and being unable to afford the repayments on a low equity loan

Housing is now the most affordable it has been for first home buyers in more than five years as prices drop at the bottom of the market

Housing is now the most affordable it has been for first home buyers in more than five years as prices drop at the bottom of the market

Housing is moving back to affordable levels for first home buyers - even in Auckland

Housing is moving back to affordable levels for first home buyers - even in Auckland

Housing now the most affordable it has been for first home buyers in more than four years

Housing now the most affordable it has been for first home buyers in more than four years

First home buyers benefitting from the convergence of falling mortgage rates, lower house prices and slowly rising incomes

First home buyers benefitting from the convergence of falling mortgage rates, lower house prices and slowly rising incomes

First home buyers have benefited considerably from falling house prices and interest rates over the last few years

First home buyers have benefited considerably from falling house prices and interest rates over the last few years

Mortgage payments on cheaper homes are at their lowest level in almost four years

Mortgage payments on cheaper homes are at their lowest level in almost four years

No change to affordability for first home buyers as house prices move sideways and the market waits for news on further interest rate cuts

No change to affordability for first home buyers as house prices move sideways and the market waits for news on further interest rate cuts

Housing now considered affordable in most parts of the country but major pressure points remain for first home buyers in Auckland, Tauranga, Kapiti Coast and Queenstown

Housing now considered affordable in most parts of the country but major pressure points remain for first home buyers in Auckland, Tauranga, Kapiti Coast and Queenstown

A turnaround in home loan affordability for first home buyers has happened quite quickly

A turnaround in home loan affordability for first home buyers has happened quite quickly

Not many options in the upper North Island for aspiring first home buyers with less than a 20% deposit

Not many options in the upper North Island for aspiring first home buyers with less than a 20% deposit

Prime Minister Christopher Luxon wants 'downward pressure' on house prices but not necessarily real decreases

Prime Minister Christopher Luxon wants 'downward pressure' on house prices but not necessarily real decreases

Housing is still unaffordable for first home buyers on average incomes but at least it's not getting any worse

Housing is still unaffordable for first home buyers on average incomes but at least it's not getting any worse

Flat house prices at the bottom of the market, a slight easing of mortgage interest rates and rising incomes create some breathing space for first home buyers

Flat house prices at the bottom of the market, a slight easing of mortgage interest rates and rising incomes create some breathing space for first home buyers

Auckland, Tauranga, Kapiti Coast, Porirua and Queenstown are now unaffordable for typical first home buyers even if they have a 20% deposit

Auckland, Tauranga, Kapiti Coast, Porirua and Queenstown are now unaffordable for typical first home buyers even if they have a 20% deposit