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Analysis

Home loan growth slowest in 5 years

by Tony on March 1, 2010

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Wizard Home Loan Affordability Report

by Tony on February 7, 2010

www.interest.co.nz Wizard Home Loans report Affordability improves in June 78.5% of pay to service mortgage Down from 80.6% in May Best level since Feb 2007 Record improvement Panel 2 House prices falling Median price down 3.4% Interest rates falling 2 year fixed rate 9.2% Down from 9.4% in May Panel 3 Wages up too Nearly 2 incomes needed But improving First time below 2 since 2007 Panel 4 Couples gave up Stayed renting Chose to have family Birth rate jumped

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