Housing Affordability Since 2005

The charts show the change in mortgage and rent payments as a proportion of income since 2005. In New Zealand, 49.5% of the average household income would be needed to service a 20-year mortgage on the average house value, with a 20% deposit at average 2-year fixed interest rates in 2024. The average weekly rent accounted for 22% of the average household income in 2024 - the highest it's been.