49 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
S
4 days ago

Jeans alteration

Steve from Meadowbank

Looking for recommendations for someone to adjust leg style on one pair of jeans and to take length off another pair. Thank you.

B
2 days ago

Does anyone have any furniture for a worthy family.....

Ben from St Heliers

Hello fellow group members. I've recently met a young family in Glendowie. Early 20's with a lovely little 4 year old boy. Their rent is very expensive but have moved here to get their son into a good school.

I will buy them some sofa's, bed's anything really. They have a nice place but are literally all sleeping on the floor. I'll give it a week or so to see of anyone in our community can help for free!!! If not let me know what you have and I'll pay for it and collect.

We are all very priviledged, let's not forget to put a bit back!

17 hours ago

Have you seen missing 71-year-old Remus Jackson?

Kendall Hutt Reporter from Auckland Stuff

Hi neighbours. 71-year-old Remus Jackson was last seen around 7.30am Wednesday on Pah Rd, Epsom. Police are very concerned for his welfare as he has a medical condition and requires regular medication.
Jackson is described as being 168 centimetres tall and of medium build. If you know where he is or you see him, please contact police on 105 quoting file number 210414/4538.

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