43 days ago

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

Caryn Wilkinson Reporter from 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
2 days ago

Public feedback sought on low traffic area trial: Onehunga

Caryn Wilkinson Reporter from Community News

Aucklanders are being called to have their say about the new layout of the Arthur Grey low traffic area in Onehunga.

The people-friendly area will be trialled for the next two weeks.

It is designed to allow access to cars but stop them from using the location as a short-cut.

Trials have been taking place around Arthur St and Grey St in Onehunga, and Eastview Rd in Glen Innes as part of the national Innovating Streets for People pilot fund.

Local Board chair Chris Makoare said it was critical to get enough feedback to make the best decisions for communities.

He has urged members of the public to be patient and to complete the online survey on the stage 1 layout.

The board wants to know what residents think about the area being trialled, about road safety, traffic speeds and volumes.

Go to akhaveyoursay.nz

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9 hours ago

Breast Cancer Foundation NZ

Breast Cancer Foundation NZ

Come together for good with friends, whānau and workmates by hosting a Pink Ribbon Breakfast this May. You’ll be joining thousands of Kiwis around the country to raise vital funds for Breast Cancer Foundation NZ.

You can host any time in May, and by taking part, you’ll be helping fund ground-breaking work by some of our country’s top breast cancer researchers, educate people about breast health, and provide free support services for breast cancer patients and their families.

What are you waiting for! Sign up today.
Find out more

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9 hours ago

Cash for your wrecked car! Call us 0800 500 001

The Team from AAA Auto Parts

Hi neighbours,

Do you have a vehicle that is taking up space and becoming an eyesore? At AAA Auto Parts we dismantle and wreck cars. We will pay top cash whether your car is dead or alive!

* $300 - $3000 for small cars
* $700 - $10,000 for 4x4 utes, vans, 4WD, trucks and buses
* Same day removal
* Free quotes over the phone

We will beat any prices in the market by 10%.

Support your local business.
Give us a call on ** 0800 50 00 01 ** and we will be happy to have a chat.
Enquire now

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