55 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:

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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
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Hi dear neighbors, please let me know if you see our cat Ben. We just adopted him from another family last Sunday and kept him home since. He’s doing very well and getting more confident. He’s supposed to get desexed and chipped next week, so no chip with him yet, no name tag as well. He’s not very familiar with his name yet. But he’s super friendly to people, may come towards you for pat. I forgot to close the door this morning 22/04 10:05 when I took my laundry basket outside, just one second, he saw the opportunity and ran across the street. We live at 12 Hillcrest Avenue, call me 0275290258 if you see him. And if you could keep him and I will fetch him anytime. Thank you so much! My son’s devastated.

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