Auckland Council’s planning committee meets on Tuesday and has a full agenda, but it looks a dreadful prospect because of the opportunities – bound to be taken up – to spout hot air.
Tech giant Microsoft Inc said last Wednesday it would throw $US500 million at reducing housing unaffordability around its hometown of Seattle, and mayors around the region listed ways they’d make development easier.
Auckland has again ranked among the least affordable cities internationally in Demographia’s annual international housing affordability survey, out today, but Tauranga again beats it to take the rap as least affordable of the 8 New Zealand centres on the survey.
An odd news release on Friday from the Real Estate Institute exhorts buyers looking to gain an entry point into some of Auckland’s top suburbs to consider apartments “rather than a residential property”.
Advocates of removing urban growth boundaries have hailed a research paper on the effect of zoning on house prices, issued by the Reserve Bank of Australia last week.
Auckland’s year-end stalling of median house price rises (up only 0.7% over 12 months), combined with a 14.2% increase in median household income, returned the region to an unaffordability rating in single digits in Demographia’s latest annual international survey.