The current NZ official view of affordable housing is ~$600,000 in Auckland and $500,000 elsewhere. I’m much more in line with Deputy Prime Minister and Minister of Foreign Affairs, Winston Peters suggestion that the average person should be able to buy a house on 4 times their wage. That means a home needs to cost closer to something more like $200-$300,000 to be truly affordable.
Ok, so how do you do that?
Well, there is an old saying… “Time, cost, quality…. pick any 2”
In other words, there are going to be trade-offs.