1312 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...



*Please put NFP if you do not want your comments used by Stuff.

Image
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
4 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.

Image
Should employees be able to work from home?
  • 70.1% Yes
    70.1% Complete
  • 26.8% No
    26.8% Complete
  • 3.1% Other - I'll share below
    3.1% Complete
1821 votes
3 days ago

Poll: What special qualities should a 5-star New Zealand airport hotel at our largest international airport have?

Pullman Novotel

Te Arikinui Pullman Auckland Airport is New Zealand’s only 5-star airport hotel, given its incredibly close proximity to the airport, the convenience of walking to the airport is a major highlight but there are plenty of other features that make it special. Find out more

Image
What special qualities should a 5-star New Zealand airport hotel at our largest international airport have?
  • 1.2% Unmatched runway views with a private lounge
    1.2% Complete
  • 46.3% Exceptional service from arrival to departure
    46.3% Complete
  • 6.1% Gourmet dining featuring New Zealand's finest, celebrating Te Ao Māori kai
    6.1% Complete
  • 40.2% A soundproof oasis with all desired amenities
    40.2% Complete
  • 6.1% Māori culture reflected throughout, creating an architectural marvel
    6.1% Complete
82 votes
21 hours ago

Ata mārie, Neighbours 🌅 Ready for today’s riddle?

Riddler from The Neighbourly Riddler

I can fly but have no wings. I cry but have no eyes. What am I?

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.

Image