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.
Read more here:
www.stuff.co.nz...
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25.4% Yes
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51.6% No
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23% Unsure- it's too complex
Greenpark Village & Terence Kennedy House
Live life blissfully in a safe community where we provide comfort, security and freedom.
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With a total of 72 homes on-site, we have 15 apartments, 16 one-bedroom homes, and 41 two-bedroom villas, all including optional services. Terence Kennedy House is our on-site hospital providing holistic care to residents.
The Building Guys
Call us today! If you’re looking for a friendly family run business with over 35 years renovation experience then choose us.
We are based in East Auckland and have a team of good qualified people – Jade (the builder), Kelvin (the plumber), Chevi (the electrician) and Russell (the tiler) to do every job right. Our team follows industry guidelines on coronavirus safety procedures to keep your family protected.
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Poll: Could we live without public bins?
Many public rubbish bins are being removed by councils due to the large costs of regularly emptying them. Do you think we can adapt and live without them?
Type 'Not For Print' if you wish your comments to be excluded from the We Say You Say column of your local paper.
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12% Yes
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87.5% No
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0.5% Other - I'll share below
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