20 Jan 2020

Housing affordability survey bad news for middle income earners

From Morning Report, 7:28 am on 20 January 2020

Nurses, teachers and other middle class professionals are increasingly unable to buy homes in the cities where they work, with every housing market in the country now rated "severely unaffordable".

According to the 16th annual Demographia International Housing Affordability Survey published today, Tauranga is now the sixth least affordable place in the world to buy a house.

Ruth Hill reports.