56 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...



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

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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
1 day ago

Every Signature Counts

The Team from Cancer Society Auckland

Reducing the number of shops able to sell tobacco is part of the Government’s world-leading draft Smokefree plan.

Show your support by signing our petition here.
Sign the petition

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1 day ago

Harmony Circle 2nd May

Paula from Snells Beach & Mahurangi East

Harmony Circle – Guest Presenter Sunday 2nd May
Sandy Urwin – Is there Life After Death

Venue; Community Hall, 2 Alnwick St (next door to Town Hall), Warkworth.
Open at 6.45pm for a 7pm start. $5 Koha – Harmony Circle is non-profit.

After hearing patients, animals and her client’s stories in addition to her own personal experiences, she shares her stories and conviction about life after death and reincarnation.
Sarndra Urwin is an Animal Naturopath with a background of nursing, psych and veterinary nursing, medical herbalist and homeopathic studies, NLP, Mauri Psychology, Clinical Hypnosis and a Diploma Natural Animal Health (Hons).
Sarndra is also a well-known writer on natural animal health issues and Radio Magic’s Animal Naturopath on Sunday Café Talkback.

Everyone welcome, this is an open group, come along if you can, look forward to seeing you there!
Contact us at warkworthharmonycircle@gmail.com
or call/text 027 239 9182

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3 days ago

We Say/You Say: Anzac Day

The Team from Community News

Hi Auckland,

How are you commemorating Anzac Day? What stories have been passed down through your whānau?

April 25 marks the 106-year anniversary of the Gallipoli landings, one of the most costly campaigns for the Allied Forces during World War I.

Anzac dawn and commemorative services up and down the country are scheduled to get underway after widespread cancellations last year, due to the nation being under Alert Level 4 restrictions.

The NZDF have advised of a reduced presence of military personnel at Anzac services due to deployment at MIQ facilities.

You can check out where the Anzac day services are on this interactive map on the RSA website.

Feel free and share your stories below and don't forget to type NFP if you don't want your comments used your local community paper.

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