1313 days ago

Poll: Do you think rising house prices in Auckland will hit a limit?

Reporter Community News

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...



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Do you think rising house prices in Auckland will hit a limit?
  • 25.4% Yes
    25.4% Complete
  • 51.6% No
    51.6% Complete
  • 23% Unsure- it's too complex
    23% Complete
457 votes
More messages from your neighbours
5 days ago

Poll: Should employees be able to work from home?

The Team from Neighbourly.co.nz

At the post-Cabinet press conference, the National Party asserted they want public sector staff to return to the office. This has opened a conversation about other sectors in New Zealand who have adopted working from home (WFH).

Where possible, do you think employees should be able to work from home? Vote below and share your thoughts in the comments.

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Should employees be able to work from home?
  • 71.7% Yes
    71.7% Complete
  • 25.3% No
    25.3% Complete
  • 3.1% Other - I'll share below
    3.1% Complete
2541 votes
4 hours ago

Join us at our Walk in Wednesdays

Bruce McLaren Retirement Village

Join us any Wednesday in October and November, 10am - 3pm and experience the Ryman lifestyle that awaits.

Learn about our living options, tour our show homes and discover the wonderful amenities on offer.

We look forward to seeing you there.

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1 day ago

House/dog sitter for 25th to 29th December

Mayur from Botany Downs

Hey everyone,

We are travelling on the above dates and looking for someone to either house-sit for us or keep our collie at their place. She is 5 years old and one of the most gentle dogs you would have seen. She needs a walk a day, otherwise she is always on her own missions chasing flies and birds.

Let us know if you are keen. TIA.

Thanks,