Auckland Housing Affordability

[eri]

8m2 = $830/mth

https://youtu.be/7Hey_DdjmE0

http://www.stuff.co.nz/life-style/home-property/89214152/this-is-what-living-in-8-sqm-looks-like

if you can't stand the heat

get out of the kitchen

[eri]

for those that think we need more taxes on housing

a sydney story

Anson says the biggest difficultly for young people trying to get on the property ladder isn't necessarily the sacrifices required in saving for a deposit but rather the prohibitive costs of stamp duty.

"For someone to buy a $600,000 property, they can save the five per cent deposit, which is $30,000, but to then be told they have to save another $32,000 for stamp duty, that tends to be the straw that breaks the camel's back."

http://www.nzherald.co.nz/property/n...ectid=11807555

[HattrickNZ]

The density of cities is reducing so the persons per hectare reduces.
It's from the chapter 7 of the report (page 129)
http://wcr.unhabitat.org/wp-content/...7-WCR-2016.pdf

So based on this graph the density of these Cities are decreasing, that is it is less people per hectare? I thought cities in general would be getting more denser with intensification in auckland for example. Or are these city boundaries increasing greater than the rate of people?
Or did I miss something?

[Wayne]

So based on this graph the density of these Cities are decreasing, that is it is less people per hectare? I thought cities in general would be getting more denser with intensification in auckland for example. Or are these city boundaries increasing greater than the rate of people?
Or did I miss something?

Did you miss something?
Probably - seems that Auckland is slow to the intensification party - at the same time other cities are moving away from it.

[Nick G]

Auckland is certainly slow to the public transport infrastructure party that allows you to have spread out cities with high populations operating efficiently.

[eri]

like LA.........

[flyernzl]

Based on the outdated belief that 'everyone' lives in the suburbs and works in the CBD.

[Anthonyacat]

Have you seen the motorways recently? It may not be everyone, but it's enough.

[flyernzl]

Yes I have.
Personal experience: Albany to Henderson, Drury to Manukau City, Airport to Avondale.

[Davo36]

Friend just got back from LA.

His mother lives 2 hours away from LAX - in non-peak traffic. But it's 5 hours during rush hour - which is 3pm to 8pm.

Also, he was in Tokyo. If you catch the right train from one place he was staying to his friend's place, it's 45mins. Catch the wrong train (lots of stops) and it takes 2 hours.

We seem to be doing our best to increase travel times by importing so many people. We could be like these cities one day!

[Bluecoat]

Its a nightmare this week on the southern with Uni starting. Bottlenecks everywhere.

What have they done with the Bypass at Manukau heading Manurewa. Traffic there is worse then w 2 lane in Mt wellington.

My lawyer mate said he left for the airport from central 2 hours early. He barely made it and had to ditch his car at an expensive car park just to make it.

Nice new train station at Manukau but same issue if you live 15 minutes away where do you park! And in Botany , no transport links except buses. Bus takes 0.5 hour to get there then a 40 min train to CBD.

no wonder folks just love their cars.

[eri]

Also, he was in Tokyo. If you catch the right train from one place he was staying to his friend's place, it's 45mins. Catch the wrong train (lots of stops) and it takes 2 hours.

the difference between the "express" and the "normal-stops all stations" train

just because the train at 1.15pm is going to the same destination as the train at 1.45pm, doesn't mean you get on it...

[Davo36]

the difference between the "express" and the "normal-stops all stations" train

just because the train at 1.15pm is going to the same destination as the train at 1.45pm, doesn't mean you get on it...

Very true, they just chose the wrong one.

And in fact he did say it was very easy to get around in the main. Buses and trains everywhere. Heavily subsidised for the old people too.

I guess I was just trying to illustrate that in big cities, even with grade A public transport systems and roads, it can still take ages to get from A to B.

[eri]

no i agree

tokyo is HUGE

made the train mistake a fair few times

really need to put some thought into where, when + how you travel somewhere new

and be very careful not to get cocky while travelling new routes

but it generally works

[eri]

interesting graph, site software doesn't seem to see .png file as image so...

http://cdn.static-economist.com/sites/default/files/imagecache/full-width/20170318_WOC001.png

In Vancouver, home values have risen by 47% in four years;

in London they have risen by 54%;

and in Auckland the rise has been a whopping 75%.

The influence of foreign capital flows on housing markets is being scrutinised, particularly as affordability becomes ever more stretched.

To gauge whether prices are fairly valued The Economist measures house prices against two metrics: rents and income.

If, over the long run, prices rise faster than the revenue a property might generate or the household earnings that service a mortgage, they may be unsustainable.

On this basis homes are fairly valued in America by an average of our two measures.

But across Australia, Canada, New Zealand they look severely over-priced

http://www.economist.com/blogs/graph.../daily-chart-6