Owen Vaughan: OneRoof Editor on the 46 areas in the OneRoof-Valocity House Value Index where a mortgage can be paid off in less than a decade
New data reveals where Kiwis can pay off their mortgage the fastest. The latest OneRoof-Valocity House Value Index found 46 areas across the country where a mortgage could be paid off in less than a decade. That's assuming a buyer was intending to pay a thousand dollars a week on their mortgage, on a two-year fixed interest rate of 6.75%. OneRoof Editor Owen Vaughan told Mike Hosking that it’s good for first home buyers as it shows where they can buy and where they can be mortgage free. He said that people can live a little more freely and be less worried about debt if they think outside the box a bit. LISTEN ABOVE See omnystudio.com/listener for privacy information.