Poll: Do you think rising house prices in Auckland will hit a limit?
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.
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www.stuff.co.nz...
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25.4% Yes
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51.6% No
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23% Unsure- it's too complex
Collaborative Tap Dance Show
New Zealand’s first home-grown professional Tap Dance show, Tap Fusion, will be performing at Auckland’s TAPAC Theatre this weekend. The show is a collaboration of New Zealand’s top Tap dancers performing alongside artists of Street Dance, Contemporary Dance and Swing Dance.
Tap Fusion is the work of former New Zealand Tap Champion Brandon Carter-Chan and is designed to expose the diversity of New Zealand artists through Tap Dance by inspiring, uplifting, and promoting the idea of creative collaboration, encouraging people to work with artists outside their social circle, and to increase opportunity and strengthen the arts community as a whole.
Tap Fusion is on at TAPAC Theatre, Motions Road Western Springs, 14th & 15th December. Buy tickets at: www.tapac.org.nz...
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