1154 days ago

Poll: Do you think rising house prices in Auckland will hit a limit?

Reporter 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...



*Please put NFP if you do not want your comments used by Stuff.

Image
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
1 day ago

Lest we forget...

The Team from Neighbourly.co.nz

On this ANZAC Day, let's take a moment to remember and honor the brave men and women who have served and continue to serve our country.

Tell us who are you honouring today. Whether it's a story from the battlefield or a memory of a family member who fought in the war, we'd love you to share your stories below.

Image
4 days ago

Poll: Does the building consent process need to change?

The Team from Neighbourly.co.nz

We definitely need homes that are fit to live in but there are often frustrations when it comes to getting consent to modify your own home.
Do you think changes need made to the current process for building consent? Share your thoughts below.

Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.

Image
Does the building consent process need to change?
  • 91.4% Yes
    91.4% Complete
  • 8.2% No
    8.2% Complete
  • 0.4% Other - I'll share below!
    0.4% Complete
1210 votes
16 hours ago

Artist Talks

Pauline from Kaukapakapa

Series of Artist’s Talks about Renaissance Artists:

Next talk, this coming Sunday, 28th.

Sunday 28th April Michelangelo - Fall

Sunday 26th May Caravaggio - Passion

Sunday 23rd June Rembrandt - Reflection

Sunday 25th August Van Gogh

Talks are by Blacksmith Chris Ellwood and his wife, potter and painter, Karyn.

Passion, pain and the papacy have influenced the work of many of the Renaissance Artists. Hear stories of Michelangelo, Caravaggio, Rembrandt and Van Gogh as we take you through their spiritual journey’s during a series of artist talks hosted as part of ‘Cafe Church’ over the next few months at Helensville Community Church, 40 Mill Road.

The talks will be in the form of a powerpoint presentation and will be very interactive, with questions welcomed throughout. Although neither Chris nor Karyn are academics as such, they have a real passion for these Renaissance artists.

Chris hopes, through these talks, to show the humanity, strengths and weaknesses of artists who lived in a very different time to us and had to grapple with their personal beliefs whilst existing within societies prevailing systems.

The talks will be a part of the Sunday service at Helensville Community Church,
40 Mill Road, next to the Hospice Shop and opposite Mitre 10.

Services start at 10.30 and are of a ‘Cafe Style’, with food and drinks available throughout as the Church is set up around tables like a cafe.

There is no charge for food or drinks.

Image