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Roost Home loan affordability report: Affordability worsens in November (news with Bernard Hickey)

Roost Mortgage Brokers Worsened in November Median house price up Interest rates low Median price record NZ7500 nationally Up in Northland Central Auckland, South Wellington Central Christchurch, Dunedin Down in Auckland West Porirua, Hutt Valley Up to 53.8% from 53.6% First home household Up to 22% from 21% Provincial areas best Rates outlook helps Lower for longer Economists say On hold til late 2012 European crisis key Earthquake rebuild Higher funding costs Will banks pass it on Supply issues Productivity Commission Auckland, Christchurch Land availability

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