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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:

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Do you think rising house prices in Auckland will hit a limit?
  • 22.3% Yes
    22.3% Complete
  • 50.8% No
    50.8% Complete
  • 26.9% Unsure- it's too complex
    26.9% Complete
130 votes
K
1 hour ago

CARPET CLEANING

Karen from Glendowie

Can anyone reccomend a carpet cleaer that gace good results and didnt cost the earth. Preferably not someone who arrives with a rugdoctor!!

1 day ago

Who needs a plant doctor?

Mikaela Wilkes Reporter from Homed

Are your houseplants looking worse for wear? The experts at Kings Plant Barn would love to help. Send us your houseplant questions and problems to homed@stuff.co.nz, or leave them in the comments, for the houseplant doctor to diagnose. Pictures are encouraged.

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