22 Jan 2019
Australia's notorious housing market still cheaper than NZ's
Tougher lending restrictions and a more agile construction industry is why Australia's notoriously expensive housing market is now more affordable than New Zealand's. The annual Demographia International Housing Affordability released yesterday shows all of New Zealand's main centres are now seriously unaffordable, with the median price more than six times the median household income. Kate Gudsell reports.