It's particularly bad for those who live in Auckland, Wellington, Christchurch, Hamilton, or Tauranga.
So, the vast majority of the country's young people.
The solution held up to this is often to use KiwiSaver. Your savings go out automatically, and get boosted by a 3 per cent employer contribution, as well as $521 a year from the Government.
But the problem is that your KiwiSaver is meant to be for retirement.
There are plenty of personal finance experts who argue you should leave it alone, and save for your house in other ways.
I called up Dr Aaron Gilbert, associate professor for AUT's Business School, to discuss the dilemma.
We talked about how to supercharge your KiwiSaver savings, the pros and cons of using that for a house, and what other options there are for a person to get into their first home.
For the interview, listen to the podcast.
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