For many the cost of servicing a mortgage isn’t the biggest barrier in getting a home of their own

WELLINGTON (CU)_Over the recent years, housing affordability in New Zealand has been on a downward trend. The situation has even triggered government intervention, as the dream of owning a home becomes more and more distant. A recent report issued by CoreLogic, shows that servicing a home loan is not the biggest barrier faced by many looking to get a home of their own.
According to the Wellington-based property data analytics firm, their biggest challenge involves…