Wednesday, June 20, 2007

Poor buggers

Home loans less affordable in May

A home loan affordability index shows the cost of a mortgage rose in May to 79.3 per cent of the average weekly take-home pay.

Posted by out of control speculators @ 07:27 AM (2838 views)
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One thought on “Poor buggers

  • Countdown2007 says:

    Thank you c.s. for posting the NZ property market news.
    It is always interesting cos we are planning to emigrate to NZ if the UK housing market does not return to a “normal” level by 2008…
    Considering the NZ base rate being at 8% at the mo, I can see mortgage repayment growing to such big chunk out of people’s wages when the UK follows suite.

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