Single people facing struggle to service mortgages123RF First comes love, then comes... a mortgage? Across the country, the average household income required to service the mortgage on a median-priced house is $76,720. The median Auckland income is $630, according to Statistics NZ. In central Auckland, buyers need almost $200,000 now before they can even start shopping for a house. Glen McLeod of Edge Mortgages agreed units and apartments were becoming a more viable option for single buyers.

Source: Stuff October 21, 2016 01:38 UTC