Hi all,
Interesting news...
An average household saving $50 to $70 a month would take 28 to 38 years to get a deposit for a Nelson house, according to a Massey University survey.
The director of the university's real estate analysis unit, Bob Hargreaves, said the figures showed a "rather worrying pattern" emerging nationally, and pointed to a continuing decline in the rate of home ownership.
He believed this could have social implications, since people who rented were less likely to have the same level of savings when they retired, and would therefore be more reliant on state support.
Read More->
Best Regards
Marc
Interesting news...
An average household saving $50 to $70 a month would take 28 to 38 years to get a deposit for a Nelson house, according to a Massey University survey.
The director of the university's real estate analysis unit, Bob Hargreaves, said the figures showed a "rather worrying pattern" emerging nationally, and pointed to a continuing decline in the rate of home ownership.
He believed this could have social implications, since people who rented were less likely to have the same level of savings when they retired, and would therefore be more reliant on state support.
Read More->
Best Regards
Marc
Comment