44 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 hours ago

Senior Constable Don Allan's monthly newsletter

Colleen from Onehunga

The latest info from Don..........

Hi All,

Please review and share this month’s community Police newsletter with your neighbours and networks

Any feedback or concerns relating to this information is welcomed.

Kind regards

Don

Senior Constable Don Allan
DAZ516
Community Constable / Police Liaison Officer Community Patrols / Neighbourhood Support
Onehunga Police
Phone (09)2138691
Mobile 021 1913077
Email: Donald.allan@police.govt.nzi

April newsletter 2021.pdf Download View

D
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