Who can buy Auckland’s houses?
Source:Auckland Council Chief Economist
We know that housing affordability has declined considerably since 2012 for all income groups.
• But the impact has been varied across income groups – with middle-income groups facing the largest declines in affordability of late.
• At the cap price of $650,000, even Kiwibuild homes would only be affordable to the top 40% of Auckland households.
Auckland’s housing challenges are well documented and the various demand, supply, tax and regulatory factors that have led to rapid price escalation over the last few years have been widely discussed. But what do they mean to Aucklanders across income bands in terms of what they can afford?
Insights. Topical commentary on the Auckland economy.
Auckland Council Chief Economist