Growing homeownership burden slowing the property market
A new financial pressure on homeownership is a major factor behind the slow New Zealand property market.
Homeownership now comes with a growing financial burden that didn't exist decades ago. This burden is identified as a significant reason why the property market has slowed considerably. The pressure is making it harder for people to participate in the housing market.
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The high-pressure lid on house prices. Here’s a big reason the property market is so slow right now
Homeownership now comes with a growing burden we didn’t have decades ago.