| New Zealand homes became less affordable than Australia in 2012 as constrained land supply and government levies, combined with low borrowing costs, pushed prices higher, according to a survey.
The median home price in New Zealand’s major urban centers rose to 6.7 times gross annual median household income from 6.4 times a year earlier, according to the ninth annual report by Belleville, Illinois-based consulting company Demographia...............................................Full Article: Source |