International survey ranks Auckland houses severely unaffordable for 10th year in a row

Mon, 20 Jan 2014

Jan. 20 (BusinessDesk) – Auckland house prices remained “severely unaffordable” for the 10th year in a row in the American survey, Demographia, which compares housing costs in nine mainly English-speaking countries. Produced by Wendell Cox, an Illinois-based opponent of urban planning and proponent of private cars over public transport and Christchurch-based urban planner Hugh Pavletich, the Demographia report contends that restrictive urban planning is a principal cause of high housing prices relative to incomes. “The central government of...

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