Zombie Democracy – Apartheid Fort NZ

Welcome to World's Deadliest Tourist Destination! Toxic NZ visa priority: Spies, triads, assassins, sex traffickers, low IQ…

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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