Abstract This study delves into housing unaffordability in New Zealand, examining income-to-housing cost ratios, affordability perceptions, contributing factors, mental health effects, and post-pandemic concerns. Findings highlight complex challenges shaped by income, region, demographics, and diverse perceptions. Income disparities, especially among lower-income non-property owners, underscore the need for targeted policies. Variations in affordability perceptions by ownership status, region, age, income, and ethnicity necessitate tailored strategies. Housing unaffordability negatively impacts mental health, particularly for aspiring non-owners, emphasising the importance of holistic policies. Post-pandemic housing market worries are prevalent among aspiring non-owners, varying by region, age, income, and ethnicity. Flexible policies are essential to address evolving market dynamics. In conclusion, New Zealand's housing affordability requires a comprehensive, inclusive approach. Policymakers must address income gaps, regional disparities, demographic diversity, and diverse perceptions to create a more equitable housing market promoting economic stability and mental well-being.
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