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.
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25.4% Yes
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51.6% No
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23% Unsure- it's too complex
🧩😏 Riddle me this, Neighbours…
I am an odd number. Take away a letter and I become even. What number am I?
Do you think you know the answer?
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ENGLISH CONVERSATION GROUP 😁 Mairangi Bay Presbyterian Church, 8-10 Penzance Road, Mairangi Bay
Need help learning English ? 😄 Join us at our friendly church for the English Conversation Group on Wednesday 4th March 1pm - 230pm. No skill level required. We can also help you with any questions you may have about settling in this lovely country ❤️ Easy parking by the door. This has become more of a "social group" we are not formal like a class, we chat, we laugh, its all very fun and relaxed! Everybody welcome! See you there.😄 Cheers Helen
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