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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Is this anyones cat?
It seems to live outside various houses on Ballycullanie Dr Dannemora
Doesn't have any shelter I see random cans of food on the berm left out.
Im wondering if its lost or it got left.
Ill try to get other photos if I see it.
To the side of East Auckland’s Te Ara ki Uta ki Tai cycleway, nestled in overgrown greenery, is a building that wouldn’t get a second glance if it weren’t for hot pink graffiti.
The house, owned by Auckland Council subsidiary Auckland Transport, was used as a site office by Waka Kotahi NZ Transport Agency staff working on the $46 million cycleway between Glen Innes to Tāmaki Drive, Auckland Transport spokesman Mark Hannan said.
But locals say the property has been all but destroyed by vandals since the cycleway was completed in 2016.
The property is one of several that have become run down and derelict under the ownership of local government.
Click 'read more' for my full report on publicly owned properties that have fallen out of use.
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