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Rents rise 4.8% in a year, affordability declines in six regions - study


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Research by the Massey University Real Estate Analysis Unit showed rents increased nationally by 4.8 percent in a year.
Rental affordability declined in six of the 16 regions with only Southland and the West Coast of the South Island bucking the trend.
For the December 2020 to March 2021 quarter, the six regions less affordable than the national average were Marlborough, Bay of Plenty, Auckland, Hawke s Bay ,Tasman and Northland, according to the study.
The remaining 10 were all relatively more rent affordable than the national average.
Two continued to stand out as being the most affordable for renters - Southland and West Coast. ....

New York , United States , Graham Squires , Massey University Real Estate Analysis Unit , West Coast , South Island , Professor Graham Squires , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , கிரஹாம் சதுரங்கள் , மஸ்ஸி பல்கலைக்கழகம் ரியல் எஸ்டேட் பகுப்பாய்வு அலகு , மேற்கு கடற்கரை , தெற்கு தீவு ,

Rising house prices and decreasing income lead to decline in home affordability


Rising house prices and decreasing income lead to decline in home affordability
The report shows median house prices across the country increased by 5.1 per cent in aggregate.
Dr Arshad Javed
Professor Graham Squires
The latest Massey University Home Affordability Report shows an overall decline in national affordability over the most recent quarter. This was largely driven by soaring house prices and income levels dropping in the majority of the regions as well as nationally, by three per cent.
The report, which covers the quarter from February 2021 to May 2021, shows median house prices across the country increased by 5.1 per cent in aggregate. This, combined with a decrease in incomes in many regions, has seen national home affordability decline by 6.8 per cent. National house price-to-income ratios have also deteriorated, with house prices moving from 11.4 to 12.4 times annual wages. ....

Hawke Bay , New Zealand General , New Zealand , Arshad Javed , Graham Squires , Massey University Real Estate Analysis Unit , Massey University Home Affordability , Massey University Home Affordability Report , Professor Graham Squires , Home Affordability Report , பருந்து வளைகுடா , புதியது ஜீலாந்து , அர்ஷத் ஜாவெத் , கிரஹாம் சதுரங்கள் , மஸ்ஸி பல்கலைக்கழகம் ரியல் எஸ்டேட் பகுப்பாய்வு அலகு ,