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Housing affordability best in 4 years

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Uploaded by on Mar 17, 2009

The New Zealand Housing Affordability measure from interest.co.nz was largely unchanged in February as a small rise in the median house price offset the benefits of another fall in mortgage rates.

The pause in the improving trend for housing affordability is not expected to last for long given predictions that house prices and interest rates will fall further later this year. Fresh tax cuts later in 2009 will also increase take-home pay and improve affordability.

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