Zombie Democracy – Apartheid Fort NZ

World's Deadliest Tourist Destination! [Chinese triads, Thai sex traffickers, low IQ migs, peds, hitmen… welcome!]

Could the average Aucklander ever afford an average house in Auckland?

Posted by te2ataria on July 6, 2016

Sent by “I Love JOKEY”

Don’t be stupid!

The average price of a home in Auckland: $1 million.

A professional individual on a salary of $49,000 can borrow up to $336,000 [a minimum 10% deposit of $38,000 is required.]

“You’d be looking at repayments of $1,937 per month over a 30 year loan length, based on an interest rate of 5.64% p.a.” says ANZ website.

Monthly salary after tax and deductions: $2,450
Monthly mortgage payment: $1,937
Change left in your pocket: $513  [before house insurance, utility bills, car, food…]
Loan amount: $336,000
Total interest: $361,460
Your total cost: $697,460

But $336,000 would only buy you a third of a house in Auckland.

What if he got married to another professional earning a similar salary?
On a joint annual salary of $98,000, they (ANZ) estimate you could borrow up to $661,000 [allow at least 7 years to save the required minimum 10% deposit of $74,000. Be sure to use birth control!]

“You’d be looking at repayments of $3,811 per month over a 30 year loan length, based on an interest rate of 5.64% p.a.”, says ANZ.

Monthly mortgage payment: $3,811
Loan amount: $661,000
Total interest: $711,086
Your total cost: $1,372,086

But $661,000 would only buy you two-thirds of a house in Auckland.

What if three people got involved and somehow the bank allowed a mortgage on the combined salaries?

“We estimate you could borrow up to $1,067,000. You’d be looking at repayments of $6,152 per month over a 30 year loan length, based on an interest rate of 5.64% p.a. With a minimum 10% deposit of $119,000”, ANZ said.

I can tell you dumbasses any shit I want!


Housing crisis? What housing crisis? In 2007, Mr Key said there was a severe home ownership and affordability crisis in New Zealand. Today, the government acknowledges housing affordability is a challenge but refuses to call it a crisis, despite the fact that average house price in Auckland has almost doubled,   reaching nearly $1 million. Photo credit: RNZ / Claire Eastham-Farrelly.

Homelessness in NZ amid record foreign investment

[The Stock of total foreign investment in New Zealand: Total investment in NZ$ 322,279 million according to the latest available figures posted at https://www.nzte.govt.nz/en/invest/statistics/ ]

The State’s other Stinking Secrets

Truth about the daily road carnage on the roads would hurt the massive foreign investment in New Zealand’s $10 billion tourism industry.

The NZ TOURISTS or truth? Campaign (police censorship of road fatalities) continues…

Blog estimate: About 900 people are killed on NZ roads each year. [Most probably] up to 468 road fatalities have occurred in NZ since 1 January 2016

One killed after car crash in the Waikato
One person was killed after a car crash in rural Waikato. The crash happened just after 8.30pm on Sunday, on Kakaramea Road, near Ngahinapouri, in the Waipa.
http://www.stuff.co.nz/waikato-times/81714316/one-dead-after-car-crash-in-the-waikato.html

nz road toll - as doctored by police - 4jul2016

nz road toll - as doctored by police - 6july2016

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