Interactive: 40 years of sky-high house prices - how your region compares
2 minutes to read
How did house prices in New Zealand become so expensive? Herald housing reporter Ben Leahy and data specialist Chris McDowall track the national and main city averages and explain some of the key events of
the last 40 years.
New Zealand is in a housing crisis as prices rise faster than pay packets and Kiwis increasingly find it hard to buy a home in our cities.
A typical Kiwi worker now needs nine years to save a deposit, while an Aucklander needs 11 years – leading the nation's biggest city to be regularly ranked among the developed world's most unaffordable.