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flag New Zealand's housing costs soar, with low-income families spending over 40% of income on housing.

flag In New Zealand, housing costs have surged, with a third of low-income households spending over 40% of their income on housing. flag Despite a 5.5% rise in average household income, weekly rent and mortgage payments increased by 9% and 8.7%, respectively. flag The cost of living also rose by 5.4%, and about 9.4% of households faced material hardship. flag Experts suggest that lower interest rates and reduced migration pressures might offer some relief.

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