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...



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

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

• Yes
• No
• Unsure- it's too complex

Vote View Results

• 22.9% Yes
  22.9% Complete
• 53.3% No
  53.3% Complete
• 23.8% Unsure- it's too complex
  23.8% Complete

336 votes

Are you struggling to find a rental or buy a home in Auckland?

Caryn Wilkinson Reporter from Community News

Hello everyone,

I was hoping to get in contact with someone from the Māori, Pasifika and Indian community who have either struggled to find a rental or buy a home.

The housing crisis has affected all three groups particularly badly, so if there's anyone who comes from these groups who is willing to talk please drop me a message: ged.cann@stuff.co.nz

Thanks,

Ged Cann
Senior Reporter
stuff.co.nz

Let's talk fundraising!

The Team from Round the Bays

Auckland's biggest fun run is just around the corner and it's time to talk fundraising!

Choosing who to fundraise for can be hard so we've made it easy for you. Either choose a cause close to your heart or support our offical charity partner Auckland City Mission!

Head to our website to read more about Auckland City Mission or our other charity partners here www.roundthebays.co.nz...