Fresh figures from CoreLogic show housing affordability improved over the June quarter, but not by much, with mortgages still eating up almost half of household incomes.
Over the period, mortgage repayments fell from a peak of 53-percent of incomes in the December quarter of 2022, to 49-percent.
However, that's well above the long-term average of 38-percent.
The figures also show Tauranga is the least affordable main centre, while Wellington is the most affordable.
CoreLogic NZ chief property economist for Kelvin Davidson spoke to Ingrid Hipkiss.
