Hawke's Bay Property Investors' Association

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hawkesbay@nzpif.org.nz

News & Updates

Recent updates

08-04-2016

Home affordability report from Massey University

KEY POINTS

• A 9.2% annual improvement in affordability across the

nation continues the trend of the last three quarterly periods

• All regions with the exception of Central Otago Lakes show

an improvement in the national affordability index since this

time last year

• Hawke’s Bay region reversed improvement in the last two

quarters with a decline in affordability of 6.7%

• Central Otago Lakes; Taranaki; Manawatu/Whanganui, and

Southland also report deterioration in affordability for the

first quarter of 2016

• Auckland sustains improvement in affordability for the

third consecutive quarter, contributing to a modest annual

improvement of 3.1%.

• Mortgage interest rates continue to fall to 0.64% less than

12 months ago. The latest OCR drop of 0.25% will flow

through to consumers in the June quarter data.

Read the full report here

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