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:
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25.4% Yes
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51.6% No
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23% Unsure- it's too complex
And the 2024 Prospa Local Business Hero is...
A huge congratulations to mother and son duo, Mary and Sam Danielson from The Puketapu Hotel.
The votes for all finalists have been tallied and they have been chosen by Neighbourly members across the country as the Prospa Local Business Hero of 2024.
The Puketapu Hotel was nominated by a local called Margaret and the nomination reads:
'On Feb 14, 2023, Cyclone Gabrielle flooded many of the rural areas. Puketapu Hotel went under perhaps half a meter of water. However, immediately Mary Danielson and her son, Sam Danielson, along with their loyal staff pulled it together to cook copious amounts of food that without electricity would have been wasted. Throughout the years many of us have been treated with a pub gathering where we can reconnect and a free meal. At Christmas there was Santa, games, gifts for kids, donated patchwork for adults, an ice cream truck and lots of camaraderie.
This February on the cyclone anniversary, they again pulled out the stops to give hundreds of us a special night. We are all tired of the cyclone cleanup and they understood that it was needed.'
Such a deserving business and team, well done Mary and Sam. And thank you to all those who voted!
Poll: What is the smallest size hearing device Triton Hearing offer?
Some kiwis think hearing devices are big and ugly.
What if we told you technology has advanced substantially and they’re available in all shapes, colours, and sizes?
Go in the draw to win* a $40 MTA voucher when you share your answer to the
question below. Give it a go!
*T&C’s apply – must be over 18.
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88.1% a) The size of a pea
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4.8% b) The size of a AAA battery
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7.1% c) The size of a $2 coin
The Tova Show
Hello! Are you a …
- A student/young professional renting
- A young family, renting or owning
- An older New Zealander/retiree/pensioner
We’re reaching out from the Tova show, the flagship weekly politics podcast on Stuff, as we prepare for our budget coverage and how it’s affecting Kiwis - we’d love to hear from you.
We need a few people who are available the week before the budget (Wednesday 22nd/Thursday 23rd May) and on the day of the announcement (Thursday 30th May).
Please email tova@stuff.co.nz or comment below if you’d like to share your perspective with us. We give you our commitment to treat your experience with sensitivity and care.
Type NFP if you don't wish your comments to be used.
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