One Housing Rung at a Time
Posted on July 21st, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Statistics New Zealand state that the median weekly total income for households in 2013 was $1,358 (based upon 1.458 million households). As such we can determine that mortgage repayments need to be below $407.40 per week in order to be classified as affordable. So what does $407.40 per week get you? Westpac’s calculator suggests that […]
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