Property Management

Dream of an urban paradise

The state of property present and future is outlined in a study which looks at the shape of Auckland over the next 50 years.

Monday, March 24th 2003

Auckland has about 400,000 homes and is growing by 21 houses a day. At this rate, we will need about 720,000 houses by 2050.

"Without some sort of strategy, twice as many houses in Auckland could mean a city stretching from Warkworth to Pukekohe," Lindsey writes.

"If this is not the kind of Auckland we want, perhaps there is another option. Maybe some people would not mind - even prefer - to live in houses with smaller sections. It would perhaps suit others to live in apartments with no section. A third group of people will probably still prefer a larger house in the suburbs."

* Just over one in every three homes in Auckland is rented;
* Auckland houses are worth nine times the average personal income before tax. Ten years ago, they were worth seven times the average personal income;



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