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Rising house prices put pressure on affordability

Modest house price gains through the tail-end of last year were big enough to counter cheap finance and higher wages, and squeezed home affordability in the three months through November, according to Massey University research. 

The quarterly home affordability report showed a 2.2 percent decline nationwide in the period as a 4.6 percent lift in the median house sale price was enough to outweigh a 0.5 percent increa

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