Central Otago Lakes tops Auckland in affordability stakesIAIN MCGREGOR/FAIRFAX NZ Tourism demand is putting pressure on Queenstown prices. Massey University has released its latest home affordability report, for the first quarter of 2017. Central Otago Lakes' prices continued and affordability was down 11.2 per cent compared to the year before. But Squires said Auckland and Central Otago Lakes were still stretched on a ratio of median house price to median wage. He said the improvements in affordability might not last because interest rates look set to rise.

Source: Stuff April 05, 2017 22:38 UTC