A suite of measures intended to "deliver a more sustainable housing market" were announced by the Government on Tuesday, including an extension to the bright-line test.
House prices have risen dramatically over the last year, with the latest CoreLogic figures showing growth of 14.5 percent over the last year. The average value of a property in Auckland now sits well over the $1 million mark, making it extremely difficult for first home buyers to get on the ladder.
Do you own a house?
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