Kelvin Davidson: CoreLogic chief economist on report finding properties are now valued 7.8 times average household income

Wellington City has overtaken Christchurch, as the country’s most affordable main centre to buy a house. But home ownership is still out of reach for many, with latest CoreLogic Report showing properties are now valued at 7.8 times the average household income. CoreLogic's Kelvin Davidson says price falls in Wellington City have been sharper than anywhere else, taking the crown from Christchurch as the most affordable. He says houses in the capital definitely aren't cheap by any means, but things have improved. LISTEN ABOVE  See omnystudio.com/listener for privacy information.