Wellington City has overtaken Christchurch, as the country’s most affordable main centre to buy a house.

But home ownership is still out of reach for many, with latest CoreLogic Report showing properties are now valued at 7.8 times the average household income.

CoreLogic's Kelvin Davidson says price falls in Wellington City have been sharper than anywhere else, taking the crown from Christchurch as the most affordable.

He says houses in the capital definitely aren't cheap by any means, but things have improved.

LISTEN ABOVE

Wellington City has overtaken Christchurch, as the country’s most affordable main centre to buy a house.
But home ownership is still out of reach for many, with latest CoreLogic Report showing properties are now valued at 7.8 times the average household income.
CoreLogic's Kelvin Davidson says price falls in Wellington City have been sharper than anywhere else, taking the crown from Christchurch as the most affordable.
He says houses in the capital definitely aren't cheap by any means, but things have improved.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.