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
Poll: 🤖 What skills do you think give a CV the ultimate edge in a robot-filled workplace?
The Reserve Bank has shared some pretty blunt advice: there’s no such thing as a “safe” job anymore 🛟😑
Robots are stepping into repetitive roles in factories, plants and warehouses. AI is taking care of the admin tasks that once filled many mid-level office jobs.
We want to know: As the world evolves, what skills do you think give a CV the ultimate edge in a robot-filled workplace?
Want to read more? The Press has you covered!
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51.9% Human-centred experience and communication
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15% Critical thinking
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30.1% Resilience and adaptability
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3% Other - I will share below!
Prices slashed for the weekend
Epic books from a collectors collection, only $1 a book today and all weekend long, some great art books and books on NZ history, bestsellers, and lots more.
✨ This Saturday: Auckland’s Biggest Pre-Loved Kids Market! ✨
Looking to save money while finding amazing treasures for the kids?
With 45+ stalls packed with quality pre-loved goodies, you’ll discover:
👕 Clothes for all ages
📚 Books & puzzles
🧸 Toys & games
🚲 Bikes & ride-ons
🛒 Buggies & nursery furniture
Bring the kids and join the treasure hunt, you never know what you’ll find!
🗓 Saturday
⏰ Doors open 9:00am
📍 Orewa Community Centre
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