Situation 'scary' for first-home buyers

The cheapest houses in the country are on the West Coast, where the median price is $375,000. Photo: Getty Images (file) By Susan Edmunds of RNZ  If you are a two-adult, two-car household with two children, you need to be earning at least $78,500 to be able to afford the cheapest median-priced house in New Zealand.

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