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1350 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...



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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
4 hours ago

Unlock the Answer: Today’s Riddle is Trickier Than You Think!

Riddler from The Neighbourly Riddler

What English word retains the same pronunciation, even after you take away four of its five letters?

Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.

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1 day ago

Riddle Me That: Ready to Test Your Wits?

Riddler from The Neighbourly Riddler

If the prisoner tells a lie, he'll be hanged;
if he tells the truth, he'll be beheaded.
What can he say to save himself?

Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.

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Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.

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17 hours ago

Poll: Is it rude to talk on the phone on a bus?

The Team from Neighbourly.co.nz

Buses can be a relaxing way to get home if you have a seat and enough space. However, it can be off-putting when someone is taking a phone call next to you.

Do you think it's inconsiderate for people to have lengthy phone calls on a bus? Vote in the poll, and add your comments below.

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Is it rude to talk on the phone on a bus?
  • 66.1% Yes
    66.1% Complete
  • 31.5% No
    31.5% Complete
  • 2.4% Other - I'll share below
    2.4% Complete
958 votes