A report has suggested the average Auckland house deposit could reach $1 million by 2045.

The report was shared exclusively with One News.

Enable.Me financial adviser Katie Wesney says it's not an inconceivable amount.

"A million dollar deposit in 22 years, that's a 6.5 percent rate. And in all reality in the last 10 years, Auckland house prices have risen by 7.8 percent."

LISTEN ABOVE

A report has suggested the average Auckland house deposit could reach $1 million by 2045.
The report was shared exclusively with One News.
Enable.Me financial adviser Katie Wesney says it's not an inconceivable amount.
"A million dollar deposit in 22 years, that's a 6.5 percent rate. And in all reality in the last 10 years, Auckland house prices have risen by 7.8 percent."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.