Hi Neighbours, Auckland is this year getting serious about reducing carbon emissions. Transport is the city's biggest single emitter. So how does it make sense to hike public transport fares? Read the story below:
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We’re sorry to let you know that the Ports of Auckland Round the Bays event is not going ahead due to the Ministry of Health’s move to Alert Level 3 in Auckland which comes into effect at 6am on Sunday, 28 February.
We know how much all our participants were looking forward to event day, but we respect the need to keep everyone safe and contain the spread of COVID-19.
We will communicate further details tomorrow (Sunday, 28 February) by email and on our website.
The Ports of Auckland Round the Bays team
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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