November 15, 2008
Wizard Home Loan Affordability Report
Posted by: admin : Category: home improvement loan
http://www.interest.co.nz/ratesblog
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
Duration : 0:4:8
November 15th, 2008 at 6:24 am
agree… cant see …
agree… cant see the banks wanting to hold onto those debts though, so there is going to be a dependancy for more rentals all over .. so many people, so little housing corp houses
November 15th, 2008 at 6:24 am
this is only the …
this is only the beginning, the housing(debt)boom fueled by irrational exuberance combined with a global recession is going to see alot of fools and their money easily separated.