Poll: Do you think rising house prices in Auckland will hit a limit?
Auckland houses are less affordable than those in all but three other cities from eight countries surveyed for the 2021 Demographia international housing affordability report.
It’s now more affordable to buy a house in San Francisco or London than in Auckland. A new report has ranked the Super City as the fourth least affordable housing market in the world.
The 2021 annual Demographia international housing affordability report, which is a scaled down version of previous years’ reports, looks at housing affordability in Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, UK and the US.
It ranks 92 major housing markets – with populations of more than one million – in eight countries based on the median multiple, which measures median house price divided by gross median household income.
According to the report, Auckland now has a “median multiple” of 10.0. That’s up from 8.6 last year when it was the equal sixth most unaffordable market with Toronto, and from 6.4 in 2010, just a decade ago.
Regions with house prices more than three times the median regional income are considered unaffordable, so Auckland’s median multiple makes it severely unaffordable.
Read more here:
www.stuff.co.nz...
*Please put NFP if you do not want your comments used by Stuff.
-
25.4% Yes
-
51.6% No
-
23% Unsure- it's too complex
Paint it orange with Resene for Arthritis NZ!
Buy any orange Resene testpot 60 ml at your local Resene owned ColorShop in November and Resene will donate $1 to Arthritis NZ!
The more orange testpots you buy, the more will be donated.
$100 Briscoes winners
Congrats to our winners of the $100 Briscoes vouchers:
Miriam Comans from Hataitai
Tash Rawlinson from Beach Haven
Blair Mayston from Maryhill
David Tomlinson from Tauranga
If you're a winner, get in touch here before 20th November.
Not a winner this week? There's always next week!
Today's Riddle: Guaranteed Brain Stretch!
What bird is the strongest of them all?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Loading…
