Home loan affordability improves

Photo / Alan Gibson

A slight fall in average bank fixed mortgage rates has helped improve affordability for buyers in most parts of New Zealand.

The Roost Home Loan Affordability report shows improvement for a third consecutive month, with affordability reaching its best level in a year.

Affordability is now back at levels seen in December 2004.

A slight fall in average bank fixed mortgage rates helped improve affordability for buyers in most parts of New Zealand, as house prices remained flat and income nudged higher.

- NEWSTALK ZB