Christchurch bucks trend in Demographia housing affordability survey

Mon, 23 Jan 2017

By Paul McBeth Jan. 23 (BusinessDesk) - Christchurch housing became more affordable in 2016, bucking the trend across New Zealand's housing markets tracked by the Demographia International Housing Affordability Survey. Produced by Illinois-based Wendell Cox and Christchurch-based urban planner Hugh Pavletich, the Demographia report compares 92 housing markets in nine mainly English-speaking countries, using a “median multiple” approach that relates housing costs to household income. Markets ranked above 5.0 on that scale are judged 'seve...

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