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.
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.
Auckland comes in at 6th least affordable city internationally in Demographia’s 13th international survey of housing affordability in 9 countries, out today.
Auckland ranked predictably among the world’s least affordable cities for housing in Demographia’s annual survey, out today.
Australian senator and former housing association president Bob Day says in the introduction to today’s Demographia survey that rising unaffordability is a contrived crisis.
Demographia international housing affordability survey co-author Wendell Cox introduced the term “middle income housing affordability” to the equation for the 12th annual survey this year.