Mortgage payments

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

Improvements in mortgage affordability for first home buyers ground to a halt in March as the market waits to see what happens next

Improvements in mortgage affordability for first home buyers ground to a halt in March as the market waits to see what happens next

First home buyers with less than a 20% deposit may be able to get a low equity mortgage but they may not be able to afford the repayments

First home buyers with less than a 20% deposit may be able to get a low equity mortgage but they may not be able to afford the repayments

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

Some 24,000 households are likely facing the biggest mortgage payment increases with some also being tipped into negative equity

Some 24,000 households are likely facing the biggest mortgage payment increases with some also being tipped into negative equity

Improving affordability for first home buyers could mark a turning point in the housing market

Improving affordability for first home buyers could mark a turning point in the housing market

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

First home buyers will have trouble finding their happy place if they are on average incomes

First home buyers will have trouble finding their happy place if they are on average incomes

Ongoing rises in mortgage interest rates gazumped rising incomes and drooping house prices for first home buyers last month

Ongoing rises in mortgage interest rates gazumped rising incomes and drooping house prices for first home buyers last month

First home buyers benefit from rising incomes in a stalled property market - but only slightly

First home buyers benefit from rising incomes in a stalled property market - but only slightly

Home ownership remains out of reach for first home buyers on average incomes in spite of recent falls in house prices

Home ownership remains out of reach for first home buyers on average incomes in spite of recent falls in house prices

Almost a third of first home buyers have less than a 20% deposit and the average amount they're paying for a home is down $58,300 since April last year

Almost a third of first home buyers have less than a 20% deposit and the average amount they're paying for a home is down $58,300 since April last year

Big price falls in Auckland, BoP, Taranaki, Manawatu, Wellington, and Nelson/Marlborough a boon for first home buyers last month

Big price falls in Auckland, BoP, Taranaki, Manawatu, Wellington, and Nelson/Marlborough a boon for first home buyers last month

The fall in house prices since 2021's peak has helped first home buyers but rising interest rates mean home ownership is still a struggle for those on average wages

The fall in house prices since 2021's peak has helped first home buyers but rising interest rates mean home ownership is still a struggle for those on average wages

Housing affordability for first home buyers the worst it has been since interest.co.nz began producing affordability reports in 2004

Housing affordability for first home buyers the worst it has been since interest.co.nz began producing affordability reports in 2004