Affordable Housing

A few years back the squealing broken-arsed pinkos were moaning like hell about affordable housing. They wanted all sorts of regulations, rules and legislation to be passed to require affordable housing. Well as is usual the market has delivered rather than the politicians.

Houses are at their most affordable levels in seven years, with falling prices, interest rates at record lows and banks more willing to lend, according to a monthly report into affordability.

The Roost Home Loan Affordability report, released today, shows home loan affordability in May was at its best levels since April 2004.

The report measures affordability for individual income earners and households, based on median house prices, interest rates and incomes. Affordability has been improving since December 2009.

The national median house price fell from $360,000 in April to $350,000 in May. It was a record high of $365,000 in March.

In May, affordability improved in most cities and provincial areas, including central Auckland, Wellington, Hamilton and New Plymouth, because of a drop in median house prices.

There you go. Affordable housing.

My mate has always thought house were affordable, he has about 30 of them, and doesn’t seem to have a problem affording whatever house he wants to buy.

 


Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

32%