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Is the Auckland housing market too hot for first home mortgage buyers?

Mortgages........ First home buyers advised to think ahead........ buy further afield and be prepared to commute North Shore........ Auckland........ If a first home buyer in despair over high house prices in Auckland
Are first home buyers and potential low equity mortgage borrowers shut out of an escalating Auckland housing market? And what to do about it.

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What do the banks really look at when it comes to assessing a mortgage application. Surprisingly, income is less important than you think...
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A recent example where the bank declined a mortgage application from an Auckland man who works 60 hours a week shows that the banks are also taking lifestyle factors into consideration under the new 'Responsible Lending' regime.
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Home buyers will need to demonstrate clean and disciplined spending habits over about 18 months to have every chance of getting a mortgage.
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