Originally Posted by BEVS here

I do understand wanting to own your own roof over your own head. I worked for decades to achieve that. Decades. The equity I came to NZ with was through my own hard work. No more . No less. My 1st house was a do up. No furniture. No carpets. No beds. No TV. No kitchen . No nothing. It really was floor boards and little else. I scraped to meet that mortage & to get that mortgage I had to grovel.
I had a few sticks of 2nd hand furniture given to me and a mattress. I came to NZ with those exact same sticks of furniture but not the mattress . My 2nd house was a do up. This is the first time I have ever lived in a reasonable house & it still has a sizeable mortgage. I am over 50 ! In that respect , you could say I saved up for a long time for my new life in NZ. Over 30 years .
The moral. If you want something bad enough , you will find a way. I did !

Originally Posted by wannabekiwi

absolutely 100% percent agree with that.
House price correction will hopefully get us on the yearly salary x 3 level again and leave us with more disposable income.
Also our next generation will be able to leave home and get onto the property ladder much more quickly and parents don't need to remortgage their houses anymore or use their savings to help their kids with a deposit.
Big sigh of relief...