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1360 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
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1 minute ago

Poll: Should NZ go Cash Less?

Weston & Associates Ltd Chartered Accountants

With more and more transactions now electronic and many businesses starting to go cash less, do we need cash anymore?

Even market stalls have eftpos these days.

Notes and coins cost the government to produce and update.
There are added security issues when handling cash in businesses and also added costs of banking large sums.

Money laundering and those working "under the table" could be reduced or eliminated. What do you think?

Should NZ go Cash Less?
  • 0% Yes we need cash
    0% Complete
  • 0% No we don't need cash
    0% Complete
  • 0% Yes, but only notes
    0% Complete
0 votes
1 hour ago

Looking for an Accountant?

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5 hours ago

Poll: When should the tree go up? 🎄

The Team from Neighbourly.co.nz

From what we've heard, some Christmas trees are already being assembled and decorated.

What are your thoughts on the best time to get your Christmas tree up?

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When should the tree go up? 🎄
  • 4.3% Second half of November
    4.3% Complete
  • 38% 1st December
    38% Complete
  • 19.4% A week before Christmas
    19.4% Complete
  • 36.8% Whenever you wish
    36.8% Complete
  • 1.6% Other - I'll share below
    1.6% Complete
258 votes