Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Demographia International Housing Affordability Survey


MEDIA RELEASE

2013 9th Annual Demographia International Housing Affordability Survey

http://www.demographia.com/dhi.pdf

21 January 2013

337 Urban Markets
Of
United States * United Kingdom
Canada * Australia
New Zealand * Ireland
Hong Kong (China)
Singapore (Supplemental)

WITH AN
INTRODUCTION
BY
HON BILL ENGLISH
Deputy Prime Minister of New Zealand

+++

The 2013 9th Annual Demographia International Housing Affordability Survey covers 337 urban markets of the United States (216); United Kingdom (33); Canada (35); Australia (39); New Zealand (8); Ireland (5) and Hong Kong (China).

A supplemental analysis of Singapore is also incorporated within the Survey.

The Survey is based on the “Median Multiple” – where the median house price is divided by the gross annual median household income.

In affordable and normal housing markets, house prices do not exceed 3.0 times annual household incomes.

If they do exceed this standard, it indicates that there are political and regulatory impediments to the supply of new housing that need to be dealt with (further research required on dense high rise urban environments such as Singapore and Hong Kong, to ascertain the affordability ceiling).

There is no mystery about the supply of affordable new housing and a simple structural definition of an affordable housing market is provided within the Survey.

Detailed analysis and commentary is provided on each of the countries surveyed – with a focus on individual urban markets – their trends and political developments.

Information on important international research is also provided.

The Introduction to this year’s Survey is contributed by the Deputy Prime Minister of New Zealand Bill English.

Mr English explains why the New Zealand Government is committed to restoring affordable housing in New Zealand – and is focused on the four structural impediments – being –

• Land supply
• Infrastructure
• Process
• Construction costs

A recent New Zealand Television One Colmar Brunton Poll found that 62% of all and 75% of young (18 – 35) New Zealanders are demanding the Government allow affordable housing be provided.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news