ANALYSIS: I bought my first house in 2007.
It cost $330,000 and the mortgage was about $2000 a month to service on a combined household income of about $90,000.
That same house sold last year for $595,000, according to Homes.co.nz. Someone buying it today with a 20 per cent deposit would have to pay $1271 a fortnight to service the debt.
According to Statistics NZ, Auckland's average household income is now more than $120,000. So has it really got that much harder to buy a first home?
from
http://www.stuff.co.nz/business/98254825/First-home-buyers-no-worse-off-than-they-were-10-years-ago
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