Found in my in-box

Last month, the median house price rose 2.7 per cent to $339,000, and you need an income of $70,000-plus if you want to buy a house in Wellington or Auckland with a 10 per cent deposit.

For many young people, single-income families and low-income earners, that sort of wage is a pipedream. The problem is that people who cannot afford to buy probably cannot afford to rent, with median rentals of $325 a week in Auckland.

Alan Johnston, of the Child Poverty Action Group, has worked out that a low-income earner now needs to work nearly 28 hours a week just to pay the rent.