The Housing Affordability Measure for potential first home buyers
The Housing Affordability Measure compares the income after housing costs of potential first home buyers in different parts of New Zealand to the national median income after housing costs for all households.
The Measure identifies the proportion of potential first home buyers in a particular area whose income after housing costs is above or below the national median. The Measure is based on real incomes of real households.
Benefits of the measure
The Housing Affordability Measure shows a trend, which supports central and local government to identify and respond to affordability challenges that are specific to each housing market.
What does this mean for potential first time buyers?
Potential first home buyers in Christchurch
Potential first home buyers in Christchurch: Housing Affordability Measure