Hidden costs of home ownership surge in New Zealand
The costs beyond mortgages for owning a home in New Zealand have risen sharply over the past decade.
New Zealand homeowners face mounting expenses beyond their mortgages, with costs rising significantly over the past ten years. A record proportion of property resales are now being made at a loss, reflecting broader challenges in the property market. The combination of these factors highlights the growing financial burden of home ownership in the country.
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Stuff
The staggering and rising cost of owning a house in NZ
Owning a home has always meant paying for more than the mortgage. But those costs have quietly exploded over the past 10 years.
NZ Herald
New Zealand house prices: The prosperity cost of New Zealand’s property obsession – Greg Smith
OPINION: A record 13.1% of resales made a loss on house prices in the June quarter.