How to beat the housing crisis

(Dan Satherley/Newshub.)
(Dan Satherley/Newshub.)

For thousands of Kiwis, getting into the property market seems like a diminishing dream.

And with the news New Zealand has topped the International Monetary Fund's list of countries with unaffordable houses, you have good reason to feel down in the dumps.

But there's still hope for first-time buyers!

Experts say getting your first home is still possible, but you'll need to:

While Auckland, Canterbury and Central Otago may be priced out of reach there are plenty of affordable first properties in areas like Southland, Marlborough and Manawatu.

One property expert says the key to getting your first home is understanding what you can afford and remembering that being a home owner doesn't have to mean living in the home you own.