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


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