Affordable housing

House sales price, interest rates and income are three key components influencing the affordability of owning a property.

The cost of housing is generally the largest component of most households’ expenditure. The higher the cost, relative to income, the less residual income available to a household for basic necessities.  If housing is unaffordable, people may be forced to live in housing that is unsafe, unhealthy and/or inappropriate.

House sales prices

Since 1995, there has been a 200 percent increase in the median house sale price in Christchurch

Affordability

Christchurch is recognised as one of the more affordable major cities in New Zealand in regards to house price