House affordability

. The latest figures show that if on the average , 75% of your take home pay would need to go on mortgage repayments. The recommended level is 40%.

purchased in 2001, luckily before some of the big increases. To pay it off early I've been contributing well over half my take home pay. I am looking forward to an increase in my standard of living when it is all finished!

In Auckland it is even worse. There on average you need to out 93% of your after tax income into the mortgage. And in it is 105%.

The report calls for a big increase in the housing supply as the only way to fix the problem.

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